Read the requirements. Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Begin by identifying the fomula to compute the margin of satety. ].=Marginofsafetyindollars Requirements (Round intermedlate calculations up to the nearest whole dollar and your final answer to the nearest whole dollar.) 1. Compute the monthly margin of safety in dollars if the shop achieves its The margin of safety is income goal. 2. Express Terry's margin of safely as a percentage or target sales. Requirement 2. Express Terry's margin of satety as a percentage of target sales. 3. What is Terry's operating leverage factor at the target level of operating Begin tyy identifying the formula to eompute the margin of safety as a perrenitage of target sales. incorme? 4. Assume that the company reaches its target. By what percentage will the company's operating income fall if sales volume decines by 12% ? (Round the pertenilage to the nearest whole pierreent.) The margin of safety percentage is \% of target sales. Requirement 3. What is Terry's ofieraling leverage factar at the largeel lewel of operraling inicorne? Begin by identifying the fomula to compute the operating leverage factor at the target level of operating income. = Operating leverege factor (Round your answer to two decimal places.) The operating leverage factor is If volume decreases 12%, operating income will decrease %