Answer the following questions about Magnificent Shoe Corp. Assume no corporate taxes. 0 Assume the following situation for Magnificent Shoe Corporation: Fixed Assets Material Cash Price per pair of shoes sold Variable cost per pair Rent Interest 1700 700 100 75 550 6% on 1500 This produced an ROE of 26%. ROE stands for return on equity, ROE sheet of the firm based on the above information. profit/ equity. Prepare the bala How many shoes the firm sells this year? what happens if Magnificent Shoe Corp manufactures and sells 10% more shoes? calculat revenue, cost, profit and ROE. What is the percentage change in revenue and what is the percentage change in profit? stion 1, now analyze a 10% in 11 Instead of a 10% increase in quantity of shoes sold, as in que in price per pair sold. Do the same calculations as in l. Which is better-an increase in sales or the same percentage increase in price?(compare results in I and II) Why