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

Average selling price per unit $336.

Variable cost per unit $193

Units sold 374

Fixed costs $8,258

Interest expense 19,524

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 9.3 percent?

(You should calculate the degree of financial leverage first).

(Write the percentage sign in the “units” box).

Round the answer to two decimals

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"