2-A- dable Aalbcd AbbccDc AaBbt AaBbc Emphasis T Heading 1 T Heading 2 Heading Heading 4 of Replace Didate Paragraph Styles ting Voste Sensity 6. Fergus Machine Shop is going through some difficult times. The managers are concerned that the business is beginning to show signs of weakness. It is important for the managers to make decisions for 2021 that could help restore the company's ability to earn the best Margin on Sales. The Industry Standard is 7%. The following are some key accounts from the estimated Income Statement for 2020: Sales COGS Gross Margin Salaries Admin Expenses Depreciation Total Op Expenses Operating Margin $2,500,000 $1,600,000 $900,000 $600,000 $135,000 $125,000 $860,000 $40,000 What is their current Margin on Sales? (show your calculations and work) I If it is projected that they could increase their revenues by 4% in 2020 would they achieve the industry standard of Margin on Sales or would they need to look at reducing some of their costs like Salaries by $100,000? (show your calculations and work) ANSWERS SHOULD BE SHOWN IN THE SPACE BELOW..... Accessibility: Unavailable Focus O II 1 52