Sandhill Cash, Ltd. operates a chain of exclusive ski hat boutiques in the western United States. The stores purchase several hat styles from a single distributor at
$10
each. All other costs incurred by the company are fixed. Sandhill Cash, Ltd. sells the hats for
$40
each. (a) (b) Your answer is incorrect. What is Sandhill Cash's contribution margin ratio? Its variable cost ratio? Contribution margin ratio Variable cost ratio