Question: Calculate the contribution margin ratio for each state. Rank the states from the highest contribution margin ratio to the lowest contribution margin ratio. Which states
Calculate the contribution margin ratio for each state. Rank the states from the highest contribution margin ratio to the lowest contribution margin ratio. Which states had a contribution margin ratio greater than 75%?
| Row Labels | Sum of CMratio |
| SD | 77.84% |
| NM | 77.58% |
| VA | 75.32% |
| PA | 75.17% |
| IL | 75.07% |
| MS | 75.01% |
| ME | 74.64% |
| DC | 74.49% |
| WI | 74.44% |
| NY | 74.21% |
| CA | 74.00% |
| TN | 73.95% |
| MD | 73.93% |
| GA | 73.54% |
| SC | 73.44% |
| UT | 73.42% |
| ID | 73.39% |
| NJ | 73.31% |
| DE | 73.23% |
| KY | 73.14% |
| NH | 73.09% |
| RI | 73.07% |
| IN | 72.79% |
| WY | 72.74% |
| LA | 72.42% |
| MT | 72.41% |
| MO | 72.34% |
| ND | 72.21% |
| OK | 72.20% |
| KS | 72.11% |
| NV | 72.06% |
| WV | 71.53% |
| WA | 71.51% |
| OH | 71.13% |
| MA | 70.99% |
| OR | 70.93% |
| IA | 70.76% |
| NC | 70.12% |
| VT | 70.09% |
| CT | 70.05% |
| FL | 68.89% |
| NE | 68.78% |
| AL | 68.78% |
| TX | 68.37% |
| CO | 68.19% |
| MI | 67.58% |
| AZ | 67.38% |
| AR | 67.37% |
| MN | 66.51% |
| Grand Total | 72.22% |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
