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Question - Sorin Inc., a company that produces and sells a single product, has provided its contribution format income statement for January.
Sales (4,200 units) $155,400
Variable expenses 100,800
Contribution margin 54,600
Fixed expenses 42,400
Net operating income $12,200
Required - Find the contribution margin ratio?
A) 78%
B) 35%
C) 22%
D) 54%
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