Contribution Margin Ratio a. Imelda Company budgets sales of $990,000, fixed costs of $20,000, and variable costs of $89,100. What is the contribution margin ratio for Imelda Company? (Enter your answer as a whole number.) % b. If the contribution margin ratio for Peppa Company is 50%, sales were $717,000, and fixed costs were $268,880, what was the income from operations?