Last month when Holiday Creations, Inc., sold 40,000 units, total sales were $312,000, total variable expenses were $224,640, and fixed expenses were $37,000 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 $2,100? (Do not round intermediate calculations.) 1. Contribution margin ratio 2 Estimated change in net operating income