Question
Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $344. Variable cost per unit $190
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $344.
Variable cost per unit $190
Units sold 335
Fixed costs $5,461
Interest expense 18,365
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 -3.1 percent?
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
