Remaining Time:09 minutes, 22 seconds. ams Question Completion Status: SON 110 ar 14 15 16 17 18 19 20 21 22 3 aborate Moving to another question will save this response. ccess Question 15 The following is Knox Corporation's contribution format income statement for last month: $900,000 Sales Less: variable expenses Contribution margin Less: fixed expenses Operating income 500,000 400.000 $100,000 The company has no beginning or ending inventories. The company produced and sold 10.000 units last month. What is the company's contribution margin ratio? 62.5% 160%. 500%, 66.7% Moving to another question will save this response