(TCO 4) Stevens Company produces and sells a single product whose selling price is $60.00 per unit and whose variable expense is $40.00 per unit. The company's fixed expense is $880,000 per month.

(a) What is the CM ratio (express your answer as a percentage to two decimal places)? (5 points)

(b) How many units must be sold to break-even for the month? (10 points)

(c) How many units do we need to sell to earn a profit of $140,000 for the month? (10 points)