Please refer to the below data for Goedl Spice Co.

Kilograms produced and sold	450,000
Sales revenue	$1,860,000
Variable manufacturing expense	$945,000
Fixed manufacturing expense	$236,000
Variable selling and administrative expense	$349,000
Fixed selling and administrative expense	$202,000
Net operating income	$128,000

The company's contribution margin ratio is closest to:

76.5%

49.2%

81.2%

30.4%