In March, Mitchell Limited had sales of $384,300 (63,000 units), total variable expenses of $249795, and total fixed expenses of $101,500 Required: 1. What is the company's CM ratio? CM ratio 5 2. Calculate the break-even level of sales in dollars. Break-even level of sales in dollars 3. Estimate the change in the company's operating income if it increased its total sales by $15,250. (Do not round Intermediate calculations, Round your answers to 2 decimal places.) Original New Operating income