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Q3: SJSU Inc. has a Gross Margin of 30%; sales are $100,000 and it sold 5000 units in Year 1. It operating fixed costs are

Q3: SJSU Inc. has a Gross Margin of 30%; sales are $100,000 and it sold 5000 units in Year 1. It

operating fixed costs are $8,000 for year. What is its EBIT for year 1? If units sold increased by

40% in Year 2, what is the percentage change in EBIT for year 2?

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