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Kite corporation has provided the following contribution format income statement. assume that the following information is within the relevant range. sales (3,000 units) $ 180,000 variable expenses 108,000 contribution margin 72,000 fixed expenses 62,400 net operating income $ 9,600 the contribution margin ratio is closest to:
multiple choice
a. 33%
b. 60%
c. 67%
d. 40%
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