Shannon's Towing Service has a monthly target operating income of $15.000 Variable expenses are 70% of sales and monthly feed expenses $12,000 Read the requirements Requirement 1. Compute the monthly margin of safety in dollars if the shop achieves its income goal Begin by identifying the formule to compute the margin of safety Margin of safety in dotar (Hound termediate calculations up to the nearest whole dollar and your final answer to the nearest whole dolar) Requirements The margin of safety iss Requirement 2. Express Shannon's margin of safety as a percentage of target sales 1. Compute the monthly margin of safety in dollars if the shop achieves ils Begin by identifying the formula to compute the margin of safety as a percentage of target sales income good Margin of safety percentage 2. Express Shannor's margin of stoty as a percentage of targeta 3. What is Shannon's operating leverage factor at the target level of operating Round the percentage to the nearest whole percent) income? 4. Assume that the company reaches its target. Hy what percentage wilt The margin of safety percentage is of target sales company's operating income fa il sales volume declines by 57 Requirement 3. What is Shannon's operating leverage factor at the target level of operating income? Done Begin by utlying the formula to compute the operating inverage factor at the target level of operating Income Operating leverage factor (Round your answer to two decimal places) The operating leverage factoris Requirement 4. Assume that the company reaches itu target. By what percentage wil the company's operating income tall i salen volume decines by 887 Round your answer to two decimal placm XXX Il volume desperating income wil decrease % Print Choose from any list or enter any number in the input fields and then continue to the next