Selma Inc. reported the following results from last year's operations: Sales$13,800,000Variable expenses 9,950,000Contribution margin 3,850,000Fixed expenses 3,022,000Net operating income$ 828,000Average operating assets$6,000,000Last year's margin was closest to:
A. 27.9%
B. 6.0%
C. 78.1%
D. 13.8%
Answer: B
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