Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price
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Question:
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $337.
Variable cost per unit $195
Units sold 409
Fixed costs $7,273
Interest expense $16,354
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
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