hw 0:42:46 oped Required information Exercise 5-5 Changes in Varia Chegg.com Last Month When day Cran Help Saved Save Exercise 5-4 (Algo) Computing and Using the CM Ratio [LO5-3] Last month when Holiday Creations, Inc., sold 41,000 units, total sales were $164,000, total variable expenses were $116,440, and fixed expenses were $38,300. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 550 units and total sales by $2,200? (Do not round intermediate calculations.) 1. Contribution margin ratio Book Hint Print erences 2. Estimated change in net operating income %