Q 1.Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $4,726,866. The firm’s interest expense was $2,680,037. What is the firm’s degree of financial leverage? Round the answer to two decimals 2.Irresistible Chips is reviewing its financial condition. The firm generated an operating profit of $3,274,446. The firm’s interest expense was $2,613,312. What will be the resulting percentage change in earnings per share if they expect operating profit to change 8.5 percent? (You should calculate the degree of financial leverage first). (Write the percentage sign in the "units" box). Round the answer to two decimals 3.Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $315. Variable cost per unit $185 Units sold 362 Fixed costs $8,820 Interest expense $18,607 Based on the data above, what is the degree of financial leverage of Rat Race Home Security, Inc.? 4.Use the following information about Rat Race Home Security, Inc. to answer the questions: Average selling price per unit $337. Variable cost per unit $183 Units sold 497 Fixed costs $7,672 Interest expense 14,976 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 2.6 percent? (You should calculate the degree of financial leverage first). (Write the percentage sign in the "units" box). Round the answer to two decimals

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