The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $71.57.
The Poseidon Swim Company produces swim trunks. The average selling
price for one of their swim trunks is $71.57. The variable cost per unit is $23.92, Poseidon Swim has average fixed costs per year of $5,885.
Assume that current level of sales is 451 units. What will be the resulting percentage change in EBIT if they expect units sold to changes by -2.2 percent? (Yoy should calculate the degree o operating leverage first).
Round the answer to two decimal places.