LO 5 Pt 25 Required information The Foundational 15 (Algo) [LO6-1, LO6-3, LO6-4, LO6-5, LO6-6, LO6-7, L06-8] [The following information applies to the questions displayed below] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1.500 units) 10 Sales $40,000 26,000 Contribution margin 14,000 8,580 het operating income $5,320 Foundational 6-2 (Algo) 2. What is the contribution margin ratio? Coblen magno