Daley Co. manufactures computer monitors. Following is a summary of its basic cost and revenue data:
Assume that Daley Co. is currently selling 700 computer monitors per month. Fixed costs are expected to be $96,000.
Required: Calculate Daley Co.'s margin of safety ratio (MOS%) if 700 units are sold. Round your answer to 2 decimal places, e.g., 0.1234 would be 12.34%.
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