Question: Question 5 (0.8 points) Franklin Co's income statement is shown below for a month when they sold 15,000 units. They are a retailer so Cost

 Question 5 (0.8 points) Franklin Co's income statement is shown below

Question 5 (0.8 points) Franklin Co's income statement is shown below for a month when they sold 15,000 units. They are a retailer so Cost of Goods Sold is entirely variable. Selling costs (part of operating expenses) are 4.35% of sales. All other costs are fixed. Sales.............. $580.000 Cost of Goods Sold.....$240,000 Operating expenses.....$139,000 What is Franklin's contribution margin ratio? Submit your response rounded as a percent, without the percent sign (rounded to two decimals), Your

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