Question: For is top managers, Mars Travel formats its incone statement as follow: II (Clok the icon to viow the income statement.) Mart's relevant range is


For is top managers, Mars Travel formats its incone statement as follow: II (Clok the icon to viow the income statement.) Mart's relevant range is between sales of $250,000 and $369,000. Read the requimements. Roquirement 1. Calculate the contribution margin rato. Select the labels and enter the amounts to calculate the contributon magin rabio (Enter the contrbution margin rato as a whole percontigo, X\%.) Data table Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $250,000 sales level and one at the $369,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.)
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