2 1.55 points Exercise 6-4 Computing and using the CM Ratio (L06-3) Last month when Holiday Creations, Inc., sold 38,000 units, total sales were $293,000, total variable expenses were $208,030, and fixed expenses were $36,500 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 total sales by $1,000? (Do not round intermediate calculations.) Skipped Book Print 1. Contribution margin ratio 2. Estimated change in net operating income References