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For its top managers, Neptune Travel formats its income statement as follows (Click the icon to view the income statement) Neptune's relevant range is botween

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For its top managers, Neptune Travel formats its income statement as follows (Click the icon to view the income statement) Neptune's relevant range is botween sales of $256,000 and $362,000 Read the requirements: Requirement 1. Cakculate the contribution margin ratio. Soloct the labols and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, Xlh) F Contribution margin ratio Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $256,000 sales level and one at the $362,000 sales level. (Hint. The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Data table

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