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( Leverage and EPS ) You have developed the following pro forma income statement for your corporation: LOADING . . . . It represents the
Leverage and EPSYou have developed the following pro forma income statement for your corporation:LOADING It represents the most recent year's operations, which ended yesterday. Your supervisor in the controller's office has just handed you a memorandum asking for written responses to the following questions:
Sales
$
Variable costs
Revenue before fixed costs
$
Fixed costs
EBIT
$
Interest expense
Earnings before taxes
$
Taxes
Net income
$
If sales should increase by the percentage change in earnings before
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