Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $320 Variable cost per unit $200 Units sold 394
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $320
Variable cost per unit $200
Units sold 394
Fixed costs $7,990
Interest expense $16,355
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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