Question: Hudson Co. reports the contribution margin income statement for 2015. Hudson Co. reports the contribution margin income statement for 2015. Assume Hudson Co. has a

Hudson Co. reports the contribution margin income statement for 2015.

Hudson Co. reports the contribution margin income statement for 2015. Assume Hudson Co. has a target pretax income of $158,000 for 2016. What amount of sales (in dollars) is needed to produce this target income? If Hudson achieves its target pretax income for 2016, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

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