For its top managers, Mars Travel formats its income statement as follows

$($Click the icon to view the income statement$)$

Mars's relevant range is between sales of $$254,000$ and $$367,000$

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, $x\%)$ costs is constant within the relevant range$)$

First prepare the contribution margin income statement at the $$254,000$ sales level. $($Use a minus sign or parentheses for a loss $)$

Mars Travel

Contribution Margin Income Statement

Three Months Ended March $31,2024$

Net Sales Revenue

Vanable Costs

Contribution Margin

Fixed Costs

Operating Income $($Loss$)$