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Bryce Co. sales are $900,000, variable costs are $464,300, and operating income is $292,000. What...

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Question

Accounting

Bryce Co. sales are $900,000, variable costs are $464,300, and operating income is $292,000. What is the contribution margin ratio?

a. 44.1%

b. 48.4%

c. 51.6%

d. 56.8%

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