Question: Current Attempt in Progress Cullumber Shoe Stores management forecasts that it will sell 9,000 pairs of shoes next year. The firm buys its shoes for
Current Attempt in Progress Cullumber Shoe Stores management forecasts that it will sell 9,000 pairs of shoes next year. The firm buys its shoes for $50 per pair from the wholesaler and sells them for $75 per pair. If the firm will incur fixed costs plus depreciation and amortization of $100,000, then what is the percent increase in EBIT if the actual sales next year equal 11,300 pairs of shoes instead of 9,000? (Round answer to 2 decimal palces, eg. 15.25%) EBIT will increase by %
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