3.) what is the variable expense ratio

! Required information [The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 85,000 Variable expenses 59,500 Contribution margin 25,500 Fixed expenses 20,480 Net operating income $ 5,100 3. What is the variable expense ratio? Answer is complete but not entirely correct. Variable expense ratio 433 %