Question: Check my work 1 Exercise 5-4 Computing and Using the CM Ratio (LO5-3] 10 points Last month when Holiday Creations, Inc., sold 42,000 units, total

Check my work 1 Exercise 5-4 Computing and Using the CM Ratio (LO5-3] 10 points Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $304,000, total variable expenses were $215,840, and fixed expenses were $38,800 eBook 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 $1,900? (Do not round intermediate calculations.) Hint 1. Contribution margin ratio 2. Estimated change in net operating income References ME Prov 10 Bili Next >

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