20.

For its top managers, Global Travel formats its income statement as follows: IIf (Click the icon to view the income statement.) Global's relevant range is between sales of $255,000 and $369,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Solect the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) = Contribution margin ratio =% Data table ratio as a whole per Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $255,000 sales level and one at the $369,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.)