Question 3 of 4 2.08 / 6.25 E View Policies Show Attempt History Current Attempt in Progress Blossom Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 2,100 schools. Blossom's variable costs are 43% of sales, fixed costs are $114,000 per month (a 1) Your answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, eg. 0.38 - 38%.) 57 Contribution margin ratio %6 (b) X Your answer is incorrect Blossom currently sells 148,000 blankets per year. If sales volume were to increase by 16%, by how much would operating income increase? (Round answer to decimal places, e.g. 5,275.) 4778890 2 Operating income eTextbook and Media