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Gladstone Co. has expected sales of $364,000 for the upcoming month and its monthly break even sales are $347,500. What is the margin of safety as a percent of sales, round your percentage answer to two decimal places

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Tundexi

Answer:

4.53%

Explanation:

Expected Sales                $364,000

Less: Break even sales   $347,500

Margin of safety             $16,500

Margin of safety in % = Margin of safety / Sales * 100

Margin of safety in % = $ 16,500 / $ 364,000 * 100 = 4.53%

The margin of safety is the financial ratio that measures the amount of sales that exceed the break-even point

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