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Harold McWilliams owns and manages a general merchandise store in a rural area of Virginia. Harold seils appliances, clothing, auto parts and farming equipment, among a wide variety of other types of merchandise. Because of normal seasonal and cyclical fluctuations in the local economy, he knows that his business will also have these fluctuations, and he is planning to use CVP analysis to help him understand how he can expect his prolits 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 Sales Cost of merchandise Sold Contribution margin Operating costs Operating profit $860,000 593400 266,600 126,480 $140,120 Required: 1-a. What is Harold's margin of safety (MOS) in dollars? (Do not round intermediate calculations.) 1-6. What is the margin of safety (MOS) ratio? (Input your answer as a percentage rounded to 2 decimal places tim. 0.1567 15.67%). 3. What is Harold's margin of safety in dollars) and operating profit if sales should all to 5/20,000(Do not round Intermediate calculations.) 1.6 Margin of safety (MOS) 1. MOS ratio 3 Margin of safety Operating profit

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