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