2 38 oints eBook Hint Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Hollday Creations, In

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2 38 Oints Ebook Hint Exercise 6 4 Algo Computing And Using The Cm Ratio Lo6 3 Last Month When Hollday Creations In 1 (32.72 KiB) Viewed 9 times

2 38 oints eBook Hint Exercise 6-4 (Algo) Computing and Using the CM Ratio [LO6-3] Last month when Hollday Creations, Incorporated, sold 35,000 units, total sales were $140,000, total variable expenses were $113,400, and fixed expenses were $38,500. Required: 1. What is the company's contribution margin (CM) ratio? 2. What is the estimated change in the company's net operating income if it can increase sales volume by 475 units and total sales by $1,900? (Do not round Intermediate calculations.) 1. Contribution margin ratio 2. Estimated change in net operating income 19%