3. Income Statements for two companies in some industries are as follows: Required a) Calculate (i) Contribution Margin Ratio (P/V Ratio), (ii) Break-Even Point and (iii) Margin of Safety for both the companies. b) Explain the differences between these two companies based on the figures calculated at (a) above. c) How will these two companies relatively perform when sales volume increases, and why? d) How will these two companies relatively perform during the economic recession, and why? 3. Income Statements for two companies in some industries are as follows: Required a) Calculate (i) Contribution Margin Ratio (P/V Ratio), (ii) Break-Even Point an (iii) Margin of Safety for both the companies. b) Explain the differences between these two companies based on the figures calculated at (a) above. c) How will these two companies relatively perform when sales volume increases, and why? d) How will these two companies relatively perform during the economic recession, and why