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. 25.0%
C. 75.0%
D. 35.3%
Answer: B
Business
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