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Finance

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

Average selling price per unit $315.

Variable cost per unit $194

Units sold 324

Fixed costs $7,260

Interest expense $14,175

Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92268593

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