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Exercise 5-8 (Algo) Compute the Margin of Safety [LO5-7] Molander Corporation is a distributor of a sun umbrells used at resort hotels. Data concerning the

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Exercise 5-8 (Algo) Compute the Margin of Safety [LO5-7] Molander Corporation is a distributor of a sun umbrells used at resort hotels. Data concerning the next month's budget appear below Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the compony's morgin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (L.e. .1234 should be entered os 12.34).)

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