Homework: hmw2 Save Score: 0 of 10 pts 12 of 14 (9 complete) HW Score: 34 72%, 34.72 of 100 pts E21-31 (book/static) Question Help For its top managers, Global Travel formats its income statement as follows: (Click the icon to view the income statement) Globals relevant range is between sales of $250,000 and $360,000 Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $250.000 sales level and one at the $360,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant cance) Data Table Requirement 1. Calculate the contribution margin ratio Select the labels and enter the amounts to calculate the contribution margin ratio (Enter the cont Contribution margin ratio Global Travel Contribution Margin Income Statement Three Months Ended March 31, 2016 Sales Revenue $ 318.500 Variable costs 111.475 Contribution Margin 207 025 Food Costs 175.000 S 32025 Operating Income Print Done Choose from any list or enter any number in the input fields and then click Check Answer parts remaining Clear All Check