Problem 19-05A al-a3, b1, c-d The following CVP income statements are available for Blanc Company and Noir Company. Sales Variable costs Contribution margin Fixed costs Blanc Company $455,000 273,000 182,000 159,250 $22,750 Noir Company $455,000 227,500 227,500 204,750 $22,750 Net income Your answer is correct. Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company 0.4 Noir Company 0.5 x Your answer is incorrect. Try again. Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Margin of Safety Ratio Blanc Company 56125 Noir Company 45500 LINK TO TEXT LINK TO VIDEO Your answer is partially correct. Try again. Assuming that sales revenue decreases by 20%, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Blanc Company Noir Company Sales 364000 364000 Variable Costs 182000 Contribution Margin 182000 Fixed Costs 159250 204750 Net Income/(Loss) -22750 Click if you would like to Show Work for this question: Open Show Work