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QUESTION
Homework #7C (Total (Combined) leverage)
Question 2 (1 point)
Haunted Forest, Inc.is selling fog machines.
Use the following information about Haunted Forest, Inc. to answer the following questions.
Average selling price per unit $316.
Variable cost per unit $218
Units sold 373
Fixed costs $16,349
Interest expense $4,388
Based on the data above, what is the degree of total (combined) leverage of Haunted Forest, Inc.?
Round the answer to two decimals
