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Wayne Enterprises has the following modified income statement ($000) at 100,000 units of production. Revenue $16,000 Variable Cost 6,100 Fixed Cost 8600 EBIT $1,300 Interest(@10%)

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Wayne Enterprises has the following modified income statement ($000) at 100,000 units of production. Revenue $16,000 Variable Cost 6,100 Fixed Cost 8600 EBIT $1,300 Interest(@10%) 500 EBT $800 Tax (@40%) 320 EAT $480 Number of shares 20,000 a. What are Wayne Enterprise's contribution margin and dollar breakeven point? Enter your contribution margin answer in decimals and not in percentage. Enter your break-even sales answer in whole dollars, without "$". For example, an answer of $1 thousand should be entered as 1000, not 1. Do not round intermediate calculations. CM (to two decimal places) $ SB/E (to the nearest dollar) b. Calculate Wayne Enterprise's current DFL, DOL, and DTL. Round the answers to two decimal places. Do not round intermediate calculations. DFL DOL DTL c. Calculate the current EPS and estimate what it would become if sales declined by 25%. Use the DTL first and then recalculate the modified income statement. (Assume a negative EBT generates a negative tax.) Round your answers to two decimal places. Use a minus sign to indicate a negative answer and do not include "$". Do not round intermediate calculations. $ EPS (using DTL) $ EPS (using modified income statement)

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