Question: Check m Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $289,000,

Check m Exercise 5-4 Computing and Using the CM Ratio [LO

Check m Exercise 5-4 Computing and Using the CM Ratio [LO 5-3] Last month when Holiday Creations, Inc., sold 37,000 units, total sales were $289,000, total variable expenses were $236,980, and fixed expenses were $36,400 Required 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio es 2. Estimate the change in the company's net operating intome if it were to increase its total sales by $2,000. mated change in net operating income

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