Last month when Holiday Creations, Incorporated, sold $42,000$ units, its sales, variable expenses, and fixed expenses were $$168,000,$ $$119,280,$ and $$37,400,$ respectively.

Required:

What is the company's contribution margin $($CM$)$ ratio?

What is the company's variable expense ratio?

Note: Do not round intermediate calculations.

$\backslash$table$[[1.$ Contribution margin ratio,$\%$