Question: Exercise 5-4 (Algo) Computing and using the CM Ratio (LO5-3) Last month when Holiday Creations, Inc., sold 37000 units, total sales were $145,000, total variable

Exercise 5-4 (Algo) Computing and using the CM Ratio (LO5-3) Last month when Holiday Creations, Inc., sold 37000 units, total sales were $145,000, total variable expenses were $115.440, and freed expenses were $35,100 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 400 units and total sales by $1,600? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating come 21 MacBook 5. 4 x 5 6 O R w H N B. N V

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