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gaibliud to VK st Morgan Corporation has sales revenue of $32,000,000. The company's fixed costs total $7,000,000, its variable costs are 30 percent of sales, and its interest expense is $700,000. If the company wants to increase its EPS by 38%, how much will it need to increase its Sales? 36.14percent a. b. C. d. 26.12 percent 24.94 percent 55.27 percent 57.90 percent

gaibliud to VK st Morgan Corporation has sales revenue of $32,000,000. The company's fixed costs total $7,000,000, its variable costs are 30 percent of sales, and its interest expense is $700,000. If the company wants to increase its EPS by 38%, how much will it need to increase its Sales? 36.14percent a. b. C. d. 26.12 percent 24.94 percent 55.27 percent 57.90 percent

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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bot gaibliud to VM Morgan Corporation has sales revenue of $32,000,000. The company's fixed costs total $7,000,000, its variable costs are 30 percent of sales, and its interest expense is $700,000. If the company wants to increase its EPS by 38%, how much will it need to increase its Sales? 36.14percent a. b. C. d. e. 26.12 percent 24.94 percent 55.27 percent 57.90 percent
Transcribed Image Text:bot gaibliud to VM Morgan Corporation has sales revenue of $32,000,000. The company's fixed costs total $7,000,000, its variable costs are 30 percent of sales, and its interest expense is $700,000. If the company wants to increase its EPS by 38%, how much will it need to increase its Sales? 36.14percent a. b. C. d. e. 26.12 percent 24.94 percent 55.27 percent 57.90 percent
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