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What will be the resulting percentage change in earnings

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

Average selling price per unit $315.

Variable cost per unit $198

Units sold 459

Fixed costs $7,409

Interest expense 15,751

Question 1: 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 -4.7 percent? (You should calculate the degree of financial leverage first).

Round the answer to two decimals (in percentage form).

Reference no: EM132563934

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