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Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $314. Variable cost per unit $194

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

Average selling price per unit $314.

Variable cost per unit $194

Units sold 499

Fixed costs $8,121

Interest expense $16,367

Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?

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