Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $400,000 $196,000 $88,000 Dix 443,000 217,070 75,310 Johnson 344,000 178,880 68,800 LaFave 470,000 169,200 94,000 Orcas 589,000 229,710 117,800 Sussman 346,000 179,920 58,820 Willbond 512,000 291,840 76,800 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc. Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $400,000 $196,000 $88,000 Dix 443,000 217,070 75,310 Johnson 344,000 178,880 68,800 LaFave 470,000 169,200 94,000 Orcas 589,000 229,710 117,800 Sussman 346,000 179,920 58,820 Willbond 512,000 291,840 76,800 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc. Salesperson Case Dix Johnson LaFave Orcas Sussman Willbond Contribution Margin Variable Cost of Goods Sold as a Percent of Sales Waltham Industries Inc. Salespersons' Analysis For the Year Ended December 31 Variable Selling Expenses as a Percent of Sales % % % % % % % % % % % % % % 2. Which salesperson generated the highest contribution margin ratio for the year? Contribution Margin Ratio % % $ $ $ % 3 Identify the factors other than contribution margin that should be considered in evaluating the performance of