Required information The Foundational 15 (Algo) (L06-1, LO6-3, L06-4, LO6-5, L06-6, LO6-7, LO6-8) [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) Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 55,000 33.000 22,000 14.960 $ 7,040 Foundational 6-2 (Algo) 2. What is the contribution margin ratio? Contribution margin ratio %