Current Attempt in Progress

Waterway Industries has two divisions; Sporting Goods and Sports Gear. The sales mix is $85\%$ for Sporting Goods and $15\%$ for Sports Gear, as determined by total sales dollars. Waterway incurs $$6630000$ in fixed costs. The contribution margin ratio for Sporting Goods is $20\%,$ while for Sports Gear it is $40\%.$ The weighted$-$average contribution margin ratio is

$90\mathrm{.}00\%.$

$37\mathrm{.}00\%.$

$23\mathrm{.}00\%.$

$40\mathrm{.}00\%.$