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3 The following income statement is provided for Vargas, Inc. Sales revenue (3,200 units x $20.70 per unit) Cost of goods sold (variable; 3,200
3 The following income statement is provided for Vargas, Inc. Sales revenue (3,200 units x $20.70 per unit) Cost of goods sold (variable; 3,200 units x $10.70 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (3,200 units x $2.70 per unit) Net income $ 66,240 (34,240) (4,700) 27,300 (6,700) (5,700) (8,640) $ 6,260 What is this company's magnitude of operating leverage? (Round your answer to 2 decimal places.) Multiple Choice 0.23 4.36 0.24 O 373
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