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 7.65% of sales. All other costs are fixed. Sales.......... $550,000 Cost of Goods Sold......$280,000 Operating expenses.....$105,000 What is Franklin's contribution margin ratio? Submit your response rounded as a percent, without the percent sign (rounded to two decimals). Your