If sales for 2022 is projected to increase by 15%, by what percentage (rounded to the nearest tenth) is earnings before interest and taxes (EBIT) expected to increase? 

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Spuds and Suds Income Statement For the Year Ended Dec. 31, 2020 Sales Less: Variable Costs Less: Fixed Costs Earnings Before Interest and Taxes Less: Interest Expense Earnings Before Taxes Taxes Net Income Less: Preferred Dividends Net Income Available to Common Common Shares Outstanding Earnings per Share 2020 $2,500,000 1,500,000 400,000 600,000 100,000 500,000 125,000 375,000 100,000 275,000 1,000,000 S 2021* $2,750,000 1,650,000 400,000 700,000 100,000 600,000 150,000 450,000 100,000 350,000 1,000,000 0.35 0.28 S Spuds and Suds Income Statement For the Year Ended Dec. 31, 2020 Sales Less: Variable Costs Less: Fixed Costs Earnings Before Interest and Taxes Less: Interest Expense Earnings Before Taxes Taxes Net Income Less: Preferred Dividends Net Income Available to Common Common Shares Outstanding Earnings per Share 2020 $2,500,000 1,500,000 400,000 600,000 100,000 500,000 125,000 375,000 100,000 275,000 1,000,000 S 2021* $2,750,000 1,650,000 400,000 700,000 100,000 600,000 150,000 450,000 100,000 350,000 1,000,000 0.35 0.28 S

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sales for 2022 increase by 15 275015 4125 ... View the full answer