Alpha Enterprises has the following comparative balance sheets and income statements

	Statement of Financial Position				Income Statement for the year ending December 31, X2
	Dec 31, X2	Dec 31, X1			Revenues	$100.0
Total Assets	$120	$100			Operating expenses	80.0
Total Liabilities	70	60			Interest Expense	6.0
Shareholders' equity	50	40			Income before Taxes	14.0
					Tax Expense (30%)	4.2
					Net Income	9.8

What is the Common Earnings Leverage?

2.44

0.909

0.65

0.202