Sports-Reps, Inc., represents professional athletes and movie and television stars. The agency had revenue of $12,345,000 last year, with total variable costs of $5,678,700 and fixed costs of $2,192,400.

Required:

1. What is the contribution margin ratio for Sports-Reps based on last years data? Round your answer to two decimal places. (Express as a decimal-based amount rather than a whole percent.)

What is the break-even point in sales revenue? $

2. What was the margin of safety for Sports-Reps last year? $