Thornton Company reported the following data regarding the product it sells: Sales price $ 40 Contribution margin ratio 25 % Fixed costs $ 360,000 Required Use the contribution margin ratio approach and consider each requirement separately. What is the break-even point in dollars? In units? To obtain a profit of $40,000, what must the sales be in dollars? In units? If the sales price increases to $50 and variable costs do not change, what is the new break-even point in dollars? In units?