Haunted Forest, Inc.is selling fog machines
Haunted Forest, Inc.is selling fog machines.
Use the following information about Haunted Forest, Inc. to answer the following questions.
Average selling price per unit $300.
Variable cost per unit $204
Units sold 316
Fixed costs $17,611
Interest expense $3,310
Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to change 0.2 percent?
(You should calculate the degree of total (combined) leverage first).
Round the answer to two decimals