Shark Company manufactures and sells widgets. Current sales are 60,000 units. Sales $90/unit Variable Expenses 60/unit Fixed Costs $1,000,000 REQURIED: (If need be, round to nearest unit or dollar) 1) Compute CM Ratio and Variable Expense Ratio 2) Compute Break-Even point in Units AND Dollars 3) How many units must be sold to earn a profit of $350,000? 4) Compute the Degree of Operating Leverage 5) If we gain 8% of sales, what % would Operating Income change (Use Operating Leverage) 6) Compute the Margin of Safety in $ AND %. 7) We want to improve profits so we are raising the sales price by $10.00 and reducing Variable Expenses by $3.00 and eliminating out $100,000 of Fixed Costs. a) Determine new B/E Point in Units AND Dollars