ing II (Summer 2022) Homework Question 2, EM5-24 (similar to) Part 1 of 3 For its top managers, Mercury Travel formats its income statement as follows (Click the icon to view the income statement.) Mercury's relevant range is between sales of $245,000 and $360,000. Read the requirements HW Score: 0%, 0 of 100 pc O Points: 0 of 14 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%.) Contribution margin ratio Get more help 80 73 14 F5 # #3 3 34 4 % FA 8= Dil DD TO 15 % 85 < 6 & 8 ( 9 6 7 8 0 Jabril Le Question 2, EM5-24 (similar to) HW Score: 0%, 0 of 100 points Part 1 of 3 O Points: 0 of 14 managers, Mercury Travel formats its income statement as follows: icon to view the income statement) devant range is between sales of $245,000 and $366,000. quirements Data table nt 1. Calculate the contrib abels and enter the amoun help- Mercury Travel Contribution Margin Income Statement Three Months Ended March 31, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Print 0 24 FS S 5 5 A 6 $ 315,500 138,820 176,680 174,000 Done 76 2,680 7 87 ato as a whole percentage, X%) 00 Dil 57 83 D FE 50 46 8 61 Clea 0 110 managers, Mercury Travel formats its income statement as follows: he icon to view the income statement.) elevant range is between sales of $245,000 and $366,000. quireme - X percentage, X%) ent 1. Calcul Babels and e Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $245,000 sales level and one at the $366,000 sales level. (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) e help - : Print Done 000 F4 FS 54 4 % LLO 5 4 DI DD FA 47 FR 8: 6 9 V6 87 8 61 9 0