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QUESTION
Homework #7B (Financial leverage)
Question 3 (1 point)
Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $333.
Variable cost per unit $192
Units sold 352
Fixed costs $7,164
Interest expense $18,245
Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.?
Your Answer: