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The following single-column CVP income statements are available for Blossom Company and Crane Company. Blossom Company Crane Company Sales $510,000 $510,000 Variable costs 306,000

The following single-column CVP income statements are available for Blossom Company and Crane Company. Blossom Company Crane Company Sales $510,000 $510,000 Variable costs 306,000 183,600 Contribution margin 204,000 326,400 Fixed costs 173,400 275,400 Net income $30,600 $51,000 (a1) Your answer is incorrect. Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Blossom Company Crane Company Contribution Margin Ratio

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