Question: What is the contribution margin ( CM ) ratio? The difference between a company's sales revenues and production costs or cost of goods sold, expressed

What is the contribution margin (CM) ratio?
The difference between a company's sales revenues and production costs or cost of goods sold, expressed as
a percentage of sales revenues.
The difference between a company's sales revenues and net income after taxes, expressed as a percentage of
sales revenues.
The difference between a company's sales revenues and variable costs, expressed as a percentage of sales
revenues.
The measurement of a company's direct operating leverage, expressed as a percentage of sales revenues.
What is the contribution margin (CM) ratio? The difference between a

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