Jamie Quinn, a Sole Proprietor, Has the Following Projected Figures

Multiple Choice

Jamie Quinn, a sole proprietor, has the following projected figures for next year: $\begin{array} { l } \text { Selling price per unit}&\$150.00\\ \text { Contribution margin per unit}&\$45.00\\ \text {Total fixed costs }&\$630,000\\\end{array}$

What is the contribution margin ratio?

A) 0.300
B) 1.429
C) 0.429
D) 3.333