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Use the following information about Ackerman to answer the question below.

Average selling price per unit = $321

Variable cost per unit = $186

Units sold = 480

Fixed costs = $8963

Interest expense = 16150

Based on the figures above, what is the percentage change in earnings per share of Ackerman if the company expects the operating profit to change by -3.5 percent?

(Calculate the degree of financial leverage first.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92873122

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