E6-12 (Algo) Calculating Target Profit, Margin of Safety, Degree of Operating Leverage [LO 6-2, 6-3, 6-4, 65] Dana's Ribbon World makes award rosettes. Following is information about the company: Required: 1. Suppose Dana's would like to generate a profit of $960. Determine how many rosettes it must sell to achieve this target profit 2. If Dana's sells 1,900 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 1,900 rosettes. 4. a. Using the degree of operating leverage, calculate the percentage change in Dana's profit if unit sales drop to 1,520 units. b. Prepare a new contribution margin income statement to verify change in Dana's profit. Complete this question by entering your answers in the tabs below. Suppose Dana's would like to generate a profit of $960. Determine how many rosettes it must sell to achieve this target profit. profit. Note: Round your intermediate calculations to 2 decimal places and round your final answer up to nearest whole number. 1. Suppose Dana's would like to generate a profit of $960. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana's sells 1,900 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 1,900 rosettes. 4. a. Using the degree of operating leverage, calculate the percentage change in Dana's profit if unit sales drop to 1,520 units. b. Prepare a new contribution margin income statement to verify change in Dana's profit. Complete this question by entering your answers in the tabs below. If Dana's sells 1,900 rosettes, compute its margin of safety in units, in sales dollars, and as a percentage of sales. Note: Round your intermediate calculations to 2 decimal places and final answer to the nearest whole number. Round your Margin of Safety percentage to two decimal places (i.e. 0.1234 should be entered as 12.34%.). Complete this question by e fering your answers in the tabs below. Calculate Dana's degree of operating leverage if it sells 1,900 rosettes. Note: Round your intermediate calculations to 2 decimal places and final answer to 4 decimal places. Complete this question by entering your answers in the tabs below. Using the degree of operating leverage, calculate the percentage change in Dana's profit if unit sales drop to 1,520 units. Note: Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.). Prepare a new contribution margin income statement to verify change in Dana's profit. Note: Do not round your intermediate calculations. Round your answers to nearest whole number. Ensure to enter loss amount with a minus sign