Kelsay Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range.
-The variable expense ratio is closest to:
Definitions:
Donuts
Fried dough confections or desserts, often circular with a hole in the middle, but can vary in shapes and flavors.
Dozen
A unit of quantity equal to 12 items.
Norepinephrine
A neurotransmitter important for attentiveness, emotions, sleeping, dreaming, and learning.
Neurotransmitter
A chemical substance that transmits signals across synapses between neurons in the nervous system.
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