For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement.) Global's relevant range is between sales of $254,000 and $361,000. Read the requirements. Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) = Contribution margin ratio Data table Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 - X Net Sales Revenue $ 318,500 111,475 Variable Costs Contribution Margin 207,025 173,000 Fixed Costs $ 34,025 Operating Income Print Done %