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Oriole Shoe Stores management forecasts that it will sell 7,000 pairs of shoes next year. The firm buys its shoes for $50 per pair from
Oriole Shoe Stores management forecasts that it will sell 7,000 pairs of shoes next year. The firm buys its shoes for $50 per pair from the wholesaler and sells them for $75 per pair. If the firm will incur fixed costs plus depreciation and amortization of $100,000, then what is the percent increase in EBIT if the actual sales next year equal 8,800 pairs of shoes instead of 7,000? (Round answer to 2 decimal palces, e.g. 15.25%.) EBIT will increase by
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