Business & Finance Assignment | Custom Assignment Help
December 9th, 2019
- Use the following information about Rat Race Home Security, Inc. to answer the questions:
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Average selling price per unit $319.
Variable cost per unit $182
Units sold 366
Fixed costs $6,652
Interest expense 17,990
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 -4.8 percent?
(You should calculate the degree of financial leverage first).