Which of the following statements is true when making decisions using cost-volume-profit (CVP) analysis?. As long as the contribution margin is a positive number, net income will be positive. As long as variable costs are more than fixed costs, net income will be negative. As long as the contribution margin is greater than fixed costs, net income will he positive As long as the sales price per unit is greater than fixed costs per unit, net income will be positive. Last year, Brown Manufacturing had a contribution margin ratio of 40 %. This year, fixed expenses are expected to remain at $50,000 and sales are expected to increase by $40,000. What should the contribution margin ratio be this year if the company wishes to increase net income by $31, 500? 78.75% 40.00% 35.00% 55.56%