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Use the following information about Rat Race Home Security, Inc. to answer the questions:
Average selling price per unit $311.
Variable cost per unit $190
Units sold 393
Fixed costs $7,134
Interest expense 16,630
Problem 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 3.4 percent?
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