Most manufacturing companies have gross margin goals, and Concord's is no different. Concord's makes lightweight backpacks that are suitable for a number of purposes. Management at the company has dictated a strict 60% gross margin goal, and, to date, it has been able to achieve it. Some of the company's financial information is as follows. Assume now that instead of having a corporate gross margin goal, the company switches to a contribution margin (CM) goal. If this new CM goal is also set at 60%, will the company meet it under the sales, volume, and cost situation described above? Contribution margin ratio % The company meet the contribution margin ratio goal