Ch.5: Homework tps:// connect html mework Exercise 5-4 Computing and Using the CM Ratio [LO5-3] $310,000, Last month when Holiday Creations, Inc, sold 38,000 units, total sales were fixed expenses were $36,200 total variable expenses were $254,200, and Required: 1 Whet is the company's contribution margin (CM) ratio? 2. What is the estimated change in the intermediate colculations.) company's net operating income if it can increase total sales by $3,000? (Do not round 2 Estimated change in net operating income c Prey at Score answer > up