Last month when Holiday Creations, Incorporated, sold 44,000 units, its sales, variable expenses, and fixed expenses were $176,000, $147,840, and $38,200, respectively. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the company's variable expense ratio? Note: Do not round intermediate calculations. 1. Contribution margin ratio 2. Variable expense ratio % %