Cambridge Ice Cream is going through some difficult times. The managers are concerned that the business is beginning to show signs of weakness. It is important for the managers to make decisions for 2021 that could help restore the company's ability to earn the best Margin on Sales. The Industry Standard is 5% The following are some key accounts from the estimated Income Statement for 2020: Sales COGS Gross Margin Salaries Admin Expenses Depreciation Total OpExpenses Operating Margin $2,500,000 $1,600,000 $900,000 $600,000 $135,000 $125,000 $860,000 $40,000 Cambridge Ice Cream is going through some difficult times. The managers are concerned that the business is beginning to show signs of weakness. It is important for the managers to make decisions for 2021 that could help restore the company's ability to earn the best Margin on Sales. The Industry Standard is 5% The following are some key accounts from the estimated Income Statement for 2020: Sales COGS Gross Margin Salaries Admin Expenses Depreciation Total OpExpenses Operating Margin $2,500,000 $1,600,000 $900,000 $600,000 $135,000 $125,000 $860,000 $40,000