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 $369,000. 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 - X Requirements Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Net Sales Revenue $ 313,500 125,400 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $254,000 sales level and one at the $369,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Variable Costs Contribution Margin 188,100 170.000 Fixed Costs $ 18,100 Operating Income Print Done Print Done