Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price
Fantastic news! We've Found the answer you've been seeking!
Question:
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $317.
Variable cost per unit $190
Units sold 406
Fixed costs $5,062
Interest expense 17,686
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 3.5 percent?
(You should calculate the degree of financial leverage first).
Posted Date: