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Question: Bates, Inc. sells fog machines. Use the following information about Bates, Inc. to answer the question below. Average selling price per unit = $338 Variable cost per unit = $210 Units sold = 339 Fixed costs = $15826 Interest expense = $4836

Based on the figures above, what is the percentage change in earnings per share if the company expects units produced and sold to change by -1.8 percent?

(Calculate the degree of total (combined) leverage first.)

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Category:- Basic Finance
Reference No.:- M92781884

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