onnect instructions I help (chapter 4 & 5) Save & Exit 11 Submit Question 2 (of 6) Stratford Company distributes a lightweight lawn chair that sells for $40 per unit. Variable expenses are $16 per unit, and fixed expenses total $210,000 annually. Results for last year are as follows: Sales (18,000 units) Variable expenses 720,000 288,000 Contribution margin Fixed expenses 432,000 210,000 Operating income $ 222,000 Required: 1. Calculate the company's CM ratio and its break-even point in sales dollars and in units. 601% CM ratio Break-even point in sales dollars$ Break-even point in units 350,000 8,750