Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $319. Variable cost per unit $189 Units sold 465
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $319.
Variable cost per unit $189
Units sold 465
Fixed costs $5,176
Interest expense $13,370
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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