Question: help Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total

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Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Holiday Creations, Incorporated, sold 37,000 units, total sales were $148,000, total variable expenses were $125,800, and fixed expenses were $38,200 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 575 units and total sales by $2,300 ? (Do not round intermediate calculations.)

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