Question: Crane Shoe Stores management forecasts that it will sell 7,200 pairs of shoes next vear. The firm bur its shoes for $50 per pair from

 Crane Shoe Stores management forecasts that it will sell 7,200 pairs

Crane Shoe Stores management forecasts that it will sell 7,200 pairs of shoes next vear. The firm bur its shoes for $50 per pair from the wholesalec and sells them for $75 per pair. If the firm will incur fixed costs plus depreciation and arnortization of $100,000, then what is the percent increase in EBIT if the actual sales next year equal 8.400 pairs of shoes instead of 7.200 ? Round anrmer to 2 decind palcas es 15.258.) EBIT will increase by 8 eTextbook and Media

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