Question
Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $305. Variable cost per unit $180
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $305.
Variable cost per unit $180
Units sold 435
Fixed costs $7,573
Interest expense $18,190
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
