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Mullins Corporation

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Question

Question;Mullins Corporation has sales revenue of $60,000,000. The company's fixed costs total $16,000,000 and its variable costs are 36% of sales, while its interest expense is $5,000,000. If the company increases its sales by 20%, how much will it increase its Earnings Per Share?a) 44.14%b) 25.75%c) 34.29%d) 39.03%e) 28.92%

 

Paper#49258 | Written in 18-Jul-2015

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