Question: Exercise 10.4 EBIT: WalkAbout Kangaroo Shoe Stores forecasts that it will sell 8,164 pairs of shoes next year. The company buys its shoes for $50

 Exercise 10.4 EBIT: WalkAbout Kangaroo Shoe Stores forecasts that it will

Exercise 10.4 EBIT: WalkAbout Kangaroo Shoe Stores forecasts that it will sell 8,164 pairs of shoes next year. The company buys its shoes for $50 per pair from the wholesaler and sells them for $75 per pair. The company will incur fixed costs plus depreciation and amortisation of $100,000 per year. If actual sales next year are 12,510 pairs of shoes, EBIT will increase by Round answers to 2 decimal places. Omit % sign in answer. All intermittent calculations should be rounded to 4 decimal places before carrying to next caicu ation)

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