Ch. 5: Homework i Submitted Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $289,000, total variable expenses were $242,760, and fixed expenses were $37,400. Required: 1. What is the company's contribution margin (CM) ratio? 5/10 2. What is the estimated change in the company's net operating income if it can increase total sales by $2,900? (Do not round points awarded intermediate calculations.) Scored 1 . Contribution margin ratio 16 % 2 Estimated change in net operating income $ 46,704 X Book Print