Use the data from E11-12 and assume that break-even sales are $7,347 million. Determine the following for Molson-Coors Brewing Company.

1. Margin of safety expressed as dollars of sales. Round to nearest million.

2. Margin of safety expressed as a percentage of current sales. Round to one decimal place.

Use the data from E11-12

Sales .......................................................................$11,003
Cost of goods sold ..................................................(6,217)
Gross profit .............................................................$4,786
Marketing, general, and admin. expenses ...........(3,032)
Operating income .................................................$ 1,754*