Question
Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $338. Variable cost per unit $185
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $338.
Variable cost per unit $185
Units sold 484
Fixed costs $6,514
Interest expense $13,399
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
