Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. 
The contribution margin ratio is closest to:
Definitions:
Schedule of Cost
A detailed report summarizing the types and amounts of costs incurred by a company during a specific period.
Goods Manufactured
The total value or volume of products that have been completed and are ready for sale during a specified period.
Manufacturing Costs
Expenses directly related to the production of goods, including raw materials, labor, and overhead.
Total Raw Materials
The full amount of raw materials required for production, including both materials currently in stock and those needed to complete production.
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