Question 8 The following CVP income statements are available for Blanc Company and Noir Company. Blanc Company Noir Company Sales $560,000 $560,000 Variable costs 336,000 280,000 Contribution margin 224,000 280,000 Fixed costs 196,000 252,000 Net income $28,000 $28,000 Calculate Contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blanc Company Noir Company Compute the break-even point in dollars for each company. (Round answers to o decimal places, e.g. 5,125.) Break-even Point Blanc Company S Noir Company S Compute margin of safety ratio for each company. (Round answers to 3 decimal places, e.g. 0.321.) Margin of Safety Ratio Blanc Company Noir Company Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Degree of Operating Leverage Blanc Company Noir Company Assuming that sales revenue increases 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 $ $