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Harold McWiliams owns-and manages a general merchandise store in a rural area of Virginla. Harold sells appllances. clothing. aufo parts, and farming equipment, among a

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Harold McWiliams owns-and manages a general merchandise store in a rural area of Virginla. Harold sells appllances. clothing. aufo parts, and farming equipment, among a wide variefy of other types of merchandise. Because of normal seasonal and cycical fluctiations in the local economy, he knows that his business will also have these fluctuations, and he is planining to use CVP analysis to help him understand how he can expect his profits to change with these fluctuations. Harold has the following information for his most recent year, Cost of goods sold represents the cost paid for the merchandise he sells, while operating costs represent rent. insurance, and salaries, which are entirely fixed. Required: 1-a. What is Harold's margin of safety (MOS) in dollars? (Do not round intermediate calculations.) 16. What hs the margin of salety (MOS) ratio? (Input your answer es o percentege rounded to 2 decimol places (i.e, .1567 = 15.67. 3. What is Hatold's margin of safety (in dollars) and operating profit if sales should fall to $500.000 ? (Do not round intermediete calculations.)

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