Use the following information about rat race home security, Ask an Expert

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Use the following information about Rat Race Home Security, Inc. to answer the questions:

Average selling price per unit $326.

Variable cost per unit $184

Units sold 428

Fixed costs $9,940

Interest expense 16,106

Based on the data above, what will be the resulting percentage change in earnings per share of Rat Race Home Security, Inc. if they expect operating profit to change -1.5 percent?

(You should calculate the degree of financial leverage first). (Write the percentage sign in the "units" box). Round the answer to two decimals

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91606011

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