Kelsay Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. 
The variable expense ratio is closest to:
Definitions:
Cost Center
A unit within an organization that does not directly add to profit but still incurs costs, such as a department or project, which needs to be monitored for internal efficiency.
Generates Revenues
The process of bringing in income from business activities, such as sales of goods or services.
Responsibility Center
A segment or area within an organization whose managers are accountable for specified sets of activities and performance.
Desired Return
The expected gain or profit specified by an investor or business from an investment or project.
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