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Information about rat race home security

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Use the following information about Rat Race Home Security, Inc. to answer the questions:

Average selling price per unit $304.

Variable cost per unit $185

Units sold 332

Fixed costs $5,281

Interest expense 14,952

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 4.5 percent?

(You should calculate the degree of financial leverage first). Round the answer to two decimals & show all working with formulas.

Reference no: EM132813770

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