Blossom sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company's income statement from last month is as follows: Total Per Unit Sales revenue $675,000 $50 Variable expenses 236,250 17.50 Contribution margin 438,750 $32.50 Fixed expenses 279,500 Operating income $159,250 (a) What is Blossom's contribution margin ratio? Its variable cost ratio? (Round ratios to 2 percentage places, e.g. 0.38 38%.) Contribution margin ratio Variable cost ratio eTextbook and Media Save for Later % % Attempts: 0 of 3 used Submit Answer (b1) Compute breakeven sales. (Use the rounded contribution margin ratio calculated in the previous part to compute breakeven sales.) Breakeven sales $