Question: Current Attempt in Progress Sandhill Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas

Current Attempt in Progress Sandhill Willis is the advertising manager for Bargain Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a new lighting system and increased display space that will add $22,000 in fixed costs to the $286,000 currently spent. In addition, Sandhill is proposing that a 5% price decrease ($40 to $38) will produce a 20% increase in sales volume (20,000 to 24,000). Variable costs will remain at $24 per pair of shoes. Management is impressed with Sandhill's ideas but concerned about the effects that these changes will have on the break-even point and the margin of safety eTextbook and Media Attempts: 1 of 1 used (b) Compute the margin of safety ratio for current operations and after Sandhill's changes are introduced (Round answers to o decimal places, e.g. 15%.) % Current margin of safety ratio New margin of safety ratio % e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer (c) The parts of this question must be completed in order, This part will be available when you complete the part above
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