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he following income statement is provided for Stan Inc. Sales revenue 2,300 units @ $19.80 per unit $45,540 Less: Cost of goods sold Variable cost

he following income statement is provided for Stan Inc.
Sales revenue 2,300 units @ $19.80 per unit $45,540
Less: Cost of goods sold
Variable cost portion of COG sold @ $9.80 per unit ($22,540)
Fixed cost portion of COG sold ($3,800)
Gross Margin $19,200
Less: Administrative salaries (all fixed) ($5,800)
Less: Selling expenses (all fixed) ($4,800)
Less: Variable selling expenses 2,300 @ $1.80 per unit ($4,140)
Net Income $4,460
What is the company's magnitude of operating leverage?
Type you answer in the answer box below. Round your answer to 2 digits
Type only the number and no other text.
Operating leverage [A]

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