Deckyard Company distributes a lightweight lawn chair that sells for $39 per unit. Variable expenses are $15.60 per unit, and fixed expenses total $145,080 annually. Required: 1. What is the product's CM ratio? 2. Use the CM ratio to determine the break-even point in sales dollars. Break-even point in sales dollars 3. The company estimates that sales will increase by $47,000 during the coming year due to increased demand. By how much should net operating income increase? Net operating income increases by