A company has the following informatiRainbow Company has Sales of $150,000, Variable Expenses of $70,000 and Fixed Costs of $30,000. Rainbow's operating leverage is _____________. What does that mean for Rainbow Company? 1.2; Rainbow's income will grow 1.2 times as fast as its contribution margin. 1.5; Rainbow's expenses will grow 1.5 times as fast as its sales. 2.0; Rainbow's income will grow 2.0 times as fast as its fixed costs. 1.6; Rainbow's income will grow 1.6 times as fast as its sales.on related to the company's operations at the end of the year: Average inventory $76,000 Average net accounts receivables $56,000 Average total assets $418,000 Net sales $555,000 Net credit sales $405,000 Cost of goods sold $102,000 Calculate the company's accounts receivable turnover __________; inventory turnover __________; and total asset turnover __________. 7.23; 2.01; 2.32 8.41; 2.01; 2.32 6.67; 1.82; 1.32 7.23; 1.34; 1.33