Question: 2 135 points Exercise 6-4 Computing and using the CM Ratio (LO6-3) Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $314,000,

2 135 points Exercise 6-4 Computing and using the CM Ratio (LO6-3) Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $314,000, total variable expenses were $232,360, and fed expenses were $38,000. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,2007 (Do not round Intermediate calculations.) 500 00 1. Contribution marginal 2. Estimated change in net operating como

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