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The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim...

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Finance

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

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