Steffen Corporation has three products with the following characteristics:  Product AProduct BProduct CMonthly sales in dollars$120,000 $160,000 $200,000 Contribution margin ratio 20% 40% 16% The overall contribution margin ratio for the company as a whole is closest to:

A. 28.5%
B. 75.0%
C. 35.3%
D. 25.0%


Answer: D

Business

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Business