In: Finance
The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $88.50. The variable cost per unit is $27.25, Poseidon Swim has average fixed costs per year of $5,216. Assume that current level of sales is 305 units. What will be the resulting percentage change in EBIT if they expect units sold to changes by-3.9 percent? (You should calculate the degree of operating leverage first). (Write the percentage sign in the "units" box). Round the answer to two decimal places