Last month when Holiday Creations, Inc... sold 40,000 units, total sales were $292,000, total variable expenses were $230,680, and fixed expenses were $39.900. 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 total sales by $2,500? (Do not round intermediate calculations.) 1. Contribution margin ratio : 2 Estimated change in net operating income %