Question
please help Last year, Cayman Corporation had sales of $6,608,800, total variable costs of $2,695,237, and total fixed costs of $1,517,037. In addition, they paid
please help 
Last year, Cayman Corporation had sales of $6,608,800, total variable costs of $2,695,237, and total fixed costs of $1,517,037. In addition, they paid $480,000 in interest to bondholders. Cayman has a 21% marginal tax rate. If Cayman's sales increase 10%, what should be the increase in earnings per share? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO 2 DECIMAL PLACES AT THE END. DO NOT ENTER THE 0/0 SIGN. FOR EXAMPLE, IF YOUR ANSWER IS 9.4567, ENTER IT AS 9.46.
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Managerial Accounting A Focus on Ethical Decision Making
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
5th edition
324663854, 978-0324663853
