The following single-column CVP income statements are available for Blossom Company and Crane Company. Blossom Company Crane Company Sales $620,000 $ 620,000 Variable costs 341,000 248,000 Contribution margin 279,000 372,000 Fixed costs 210,800 334,800 Net income $ 68,200 $37,200 (a 1) Calculate contribution margin ratio. (Round answers to 2 decimal places, e.g. 0.32.) Contribution Margin Ratio Blossom Company Crane Company