ABC Inc. manufactures and sells toys. Price and cost data are as follows: $20.00 $4.00 $5.00 $3.50 $3.00 Selling price per unit (package of 2 CDs)..... Variable costs per unit: Direct material.. Direct labor. Artist's royalties Manufacturing overhead. Selling expenses. Total variable costs per unit... Annual fixed costs: Manufacturing overhead. Selling and administrative. Total fixed costs........... ........... Forecasted annual sales volume (120,000 units)............. $1.00 $16.50 $180,000 $220,000 $400,000 $2,400,000 What is the company's contribution margin ratio (CM ratio)? (Please indicate your result with one decimal place. Example: 40.5)