Exercise 5-4 Computing and using the CM Ratio (LO5-3] Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $308,000, total variable expenses were $231,000, and fixed expenses were $35,200 Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase total sales by $1,800? (Do not round intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income MacBook Pro D G Search or type URL & $ 4 2 % 5 0) > 3 7 8 9 W E R T Y U 0 S D F G H J > X V B N M