Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November.  Sales (5,700 units) $319,200 Variable Expenses 188,100 Contribution Margin 131,100 Fixed Expenses  106,500 Net Operating Income 24,600 Calculate the contribution margin ratio for the company. Round to one decimal place.

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Chapter1: Financial Statements And Business Decisions
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Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. 

Sales (5,700 units) $319,200
Variable Expenses 188,100
Contribution Margin 131,100
Fixed Expenses  106,500
Net Operating Income 24,600

Calculate the contribution margin ratio for the company. Round to one decimal place.

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