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Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $335. Variable cost per unit $195 Units sold 384

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

Average selling price per unit $335.

Variable cost per unit $195

Units sold 384

Fixed costs $7,252

Interest expense 14,769

**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 -3.9 percent?

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

Round the answer to two decimals

 
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