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 correct. Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blossom Company Crane Company 0.40 0.64