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Last year Lexington had sales of $841,000 and paid taxes of $50,000. Because of the low interest rate environment , the firm also borrowed some
Last year Lexington had sales of $841,000 and paid taxes of $50,000. Because of the low interest rate environment , the firm also borrowed some money from the local bank and paid $15,000 in interest expense . In addition , the firm incurred Variable costs and Fixed Costs of $332,000 and $423,000 respectively . If sales increase by 5 %, what should be the increase in earnings per share ? SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO 2 DECIMAL PLACES AT THE END . DO NOT ENTER THE % SIGN . IF YOUR ANSWER IS 7.7011 % , FOR EXAMPLE , ENTER 7.70 .
its 2 seperate questions please help
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