Sport Ready produces sports socks The company has fixed expenses of $80,000 and variable expenses of $0.80 per package. Each package sells for $1.60. Read the requirements Requirement 1. Compute the contribution margin par package and the contribution margin ratio Begin by identitying the formula to compute the contribution margin per package. Then compute the contribution thaigin por package (Enter the atnount to the nearest cent) Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Sport Ready needs to sell to earn a $25,000 operating income