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Carolina Fastener, Inc., makes a patented marine bulkhead latch that wholesales for $6.03. Each latch has variable operating costs of $3.41. Fixed operating costs are

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Carolina Fastener, Inc., makes a patented marine bulkhead latch that wholesales for $6.03. Each latch has variable operating costs of $3.41. Fixed operating costs are $49,100 per year. The firm pays $12,300 interest and preferred dividends of $7,000 per year. At this point, the firm is selling 31,000 latches per year and is taxed at a rate of 40%. Calculate the following: The operating breakeven point is units. (Round to the nearest integer.) The firm's EBIT is $ (Round to the nearest dollar.) Calculate the earnings available for common below: (Round to the nearest dollar.) EBIT Less: Interest expense Less: Taxes (40%) Net profits Preferred stock dividend EACS The degree of operating leverage is The degree of financial leverage is (Round to three decimal places.) (Round to three decimal places.) The degree of total leverage is (Round to three decimal places.)

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