Homework #7C (Total (Combined) leverage)

Question 3 (1 point)

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 $316.

Variable cost per unit $211

Units sold 330

Fixed costs $16,608

Interest expense $4,839

 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 6.2 percent?

(You should calculate the degree of total (combined) leverage first).

(Write the percentage sign in the "units" box).

Round the answer to two decimals