Question: The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $530,000 $530,000 Variable costs 318,000 265,000 Contribution

The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $530,000 $530,000 Variable costs 318,000 265,000 Contribution margin 212,000 265,000 Fixed costs 203,520 256,520 Net income $8,480 $8,480 (a1) Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Blanc Company Noir Company Contribution Margin Ratio

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