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Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $315. Variable cost per unit $194
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $315.
Variable cost per unit $194
Units sold 324
Fixed costs $7,260
Interest expense $14,175
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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