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

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Finance

The Poseidon Swim Company produces swim trunks. The average selling price for one of their swim trunks is $64.07. The variable cost per unit is $22.95, Poseidon Swim has average fixed costs per year of $5,037. Assume that current level of sales is 309 units. What will be the resulting percentage change in EBIT if they expect units sold to changes by -3.0 percent?

(You should calculate the degree of operating leverage first). Round the answer to two decimal places.

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