Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105,000 Contribution margin 35,000 Less: Total fixed cost 27,000 Operating Income $ 8,000 What is the degree of operating leverage at Cutlass's budgeted level of sales (Round to the two decimal places if necessary)? 4.00 0.25 4.38 0.23