Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $346. Variable cost per unit $199 Units sold 399
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $346.
Variable cost per unit $199
Units sold 399
Fixed costs $7,074
Interest expense $16,750
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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