Resulting percentage change in earnings per share

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Haunted Forest, Inc.is selling fog machines.

Use the following information about Haunted Forest, Inc. to answer the following questions.

Average selling price per unit $304.

Variable cost per unit $195

Units sold 400

Fixed costs $17,592

Interest expense $3,235

Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to change -2.4 percent?

(You should calculate the degree of total (combined) leverage first).

(Write the percentage sign in the "units" box).

Round the answer to two decimals

Reference no: EM131487584

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