Ronnie's Repair Shop has a monthly target operating income of $40,000. Variable expenses are 60% of sales, and monthly fixed expenses are $10,000 Read the requirements Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal. Begin by identifying the formula to compute the margin of safety Margin of safety in dolars Requirements Incorred 0/2) 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal 2. Express Ronnie's margin of safety as a percentage of target sales. 3. What is Ronnie's operating leverage factor at the target level of operating income? 4. Assume that the company reaches its target. By what percentage will the company's operating income fallif sales volume declines by 10%? Print Done Chan manu in liet netthanink Chark Anwar