Stratford Company distributes a lightweight lawn chair that sells for $20 per unit. Variable expenses are $5 per unit, and fixed expenses total $360,000 annually. Results for last year are as follows: Sales (30,000 units) $ 600,000 150,000 03 Variable expenses 450,000 Contribution margin 360,000 Fixed expenses Operating income $90,000 Required: 1. Calculate the company's CM ratio and its break-even point in sales dollars and in units. CM ratio Break-even point in sales dollars Break-even point in units %