Cost Volume Profit Analysis The following is XYZ Corporation's contribution format income statement for last month: Sales $1,200,000 Less variable expenses 800,000 Contribution margin 400,000 Less fixed expenses 300,000 Net income $100,000 The company has no beginning or ending inventories and produced and sold 20,000 units during the month. a. What is the company's contribution margin ratio? (round to two decimal places - do not answer as a percentage) b. What is the company's break-even in units? (round to whole number - no comas) c. How many units would the company have to sell to attain target profits of $125,000? (round to whole number - no comas) d. What is the company's degree of operating leverage? (round to whole number - no comas)