2. value: 10.00 points Last month when Holiday Creations, Inc., sold 42,000 units, total sales were $314,000, total variable expenses were $222,940, and fixed expenses were $36,200. Required: 1. What is the company's contribution margin (CM) ratio? Contribution margin ratio 271% 2. Estimate the change in the company's net operating income if it were to increase its total sales by $2,800 Estimated change in net operating income $ 1,550 Hints References eBook & Resources eBook: Use the contribution margin ratio (CM ratio) to compute changes in contribution margin an Check my work