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Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Jeong Company prepared the following projected income statement: 1. Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the nearest whole number. % 2. Calculate the variable cost ratio. Note: Enter as a percent, rounded to the nearest whole number. % 3. Calculate the break-even sales revenue for Jeong. Note: Round your answer to the nearest dollar. 4. How could Jeong increase projected operating income without increasing the total sales revenue? Contribution Margin Ratio, Variable Cost Ratio, Break-Even Sales Revenue The controller of Jeong Company prepared the following projected income statement: 1. Calculate the contribution margin ratio. Note: Enter as a percent, rounded to the nearest whole number. % 2. Calculate the variable cost ratio. Note: Enter as a percent, rounded to the nearest whole number. % 3. Calculate the break-even sales revenue for Jeong. Note: Round your answer to the nearest dollar. 4. How could Jeong increase projected operating income without increasing the total sales revenue? Decrease variable cost and/or fixed cost Decrease the contribution margin ratio Add more people to the sales force None of the above