Duck Manufacturing sells rubber rain boots for $52 per pair. If Duck's total fixed costs are $360,000 and the firm must sell 18,000 pairs of boots to break even, then what is the contribution margin ratio? Round your answer to the nearest tenth.
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Home » Business » Duck Manufacturing sells rubber rain boots for $52 per pair. If Duck's total fixed costs are $360,000 and the firm must sell 18,000 pairs of boots to break even, then what is the contribution margin ratio? Round your answer to the nearest tenth.