Question: If sales are $ 4 2 5 , 0 0 0 , variable costs are 6 2 % of sales, and operating income is $

If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, the contribution margin ratio is
38%
26%
11%
62%
If sales are $ 4 2 5 , 0 0 0 , variable costs are

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