Walton Company reported the following data regarding the product it sells: Sales price Contribution margin ratio Fixed costs $40 20% $240,000 Required Use the contribution margin ratio approach and consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $40,000, what must the sales be in dollars? In units? c. If the sales price increases to $64 and variable costs do not change, what is the new break-even point in dollars? In units? Answer is complete but not entirely correct. a. Break-even point in dollars a. Break-even point in units b. Sales in dollars b. Sales in units $ 1,200,000 ( 30,000 $ 1,400,000 ( 35,000 c. Break-even point in dollars $ 192,000 c. Break-even point in units 7,500 (