Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $324. Variable cost per unit $184 Units sold 429
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $324.
Variable cost per unit $184
Units sold 429
Fixed costs $8,234
Interest expense $15,301
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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