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Please assist with question Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $323. Variable
Please assist with question
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $323.
Variable cost per unit $182
Units sold 329
Fixed costs $7,582
Interest expense 12,119
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 -1.6 percent?
(You should calculate the degree of financial leverage first).
Round the answer to two decimals
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