Last year cayman corporation had sales of 7000000 total


Last year, Cayman Corporation had sales of $7,000,000, total variable costs of $3,000,000, and total fixed costs of $1,500,000. In addition, they paid $480,000 in interest to bondholders. Cayman has a 35% marginal tax rate. If Cayman's sales increase 7%, what should be the increase in earnings per share?

13.3%

11.2%

13.9%

10.8%

8.7%

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Financial Management: Last year cayman corporation had sales of 7000000 total
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