Question: 2 Exercise 5-4 (Algo) Computing and using the CM Ratio (LO5-3) 5 pot Last month when Holiday Creations, Incorporated, sold 42.000 units, total sales were

2 Exercise 5-4 (Algo) Computing and using the CM Ratio (LO5-3) 5 pot Last month when Holiday Creations, Incorporated, sold 42.000 units, total sales were $168.000 total variable expenses were $122,640, and fixed expenses were $35,200. 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 sales volume by 425 units and total sales by $1700? (Do not round intermediate calculations.) ebook Hint 1. Contribution margin ratio 2 Estimated change in net operating income Pin References

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