Question: Exercise 2-4 (Algo) Computing and using the CM Ratio [LO2-3] Last month when Hollday Creations, Inc, sold 44,000 units, total sales were $297000, total variable

Exercise 2-4 (Algo) Computing and using the CM Ratio [LO2-3] Last month when Hollday Creations, Inc, sold 44,000 units, total sales were $297000, total variable expenses were $207,900 and fixed expenses were $37100, Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income il it can increase total sales by S1,9007 (Do not round intermediate calculations.) 1 Contribution margin ratio 2 Estimated change in het operating income

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