Weafer Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,560,000Contribution margin 4,440,000Fixed expenses 3,740,000Net operating income$700,000Average operating assets$7,000,000?Last year's margin was closest to:
A. 10.0%
B. 73.3%
C. 31.7%
D. 5.0%
Answer: D
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