Question: Using the following Contribution Margin Income Statement, what is the Contribution Margin ratio? (Round calculations to one decimal.) Sales $340,000 (Variable Expenses) (120,000) Contribution Margin

Using the following Contribution Margin Income Statement, what is the Contribution

Using the following Contribution Margin Income Statement, what is the Contribution Margin ratio? (Round calculations to one decimal.) Sales $340,000 (Variable Expenses) (120,000) Contribution Margin 220.000 (Fixed Expenses) (100,000) Net Income $120,000 O A. 35.3% O B. 54.5% O C. 1.8% O D. 64.7%

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