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Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $324. Variable cost per unit $181 Units sold 480

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

Average selling price per unit $324.

Variable cost per unit $181

Units sold 480

Fixed costs $7,748

Interest expense 16,736

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 9.6 percent?

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

Round the answer to two decimals (in percentage form).

 
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