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Required information Use the following information for the Exercises below. [The following information applies to...

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Accounting

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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below] Hudson Co. reports the contribution margin income statement for 2019. Exercise 18-17 Target income and margin of safety (in dollars) LO C2 1. Assume Hudson Co. has a target pretax income of $155.000 for 2020 . What amount of sales (in dollars) is needed to produce this target income? 2 If Hudson achieves its target pretax income for 2020, what is its margin of safety (in percent)? (Round your answer to 1 decimal place.)

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