Howell Company Below is an income statement for Howell Company:

Sales	$600,000
Variable costs	(150,000)
Contribution margin	$450,000
Fixed costs	(300,000)
Profit before taxes	$150,000

Refer to Howell Company. What is Howells degree of operating leverage?

Select one:

a. 3.00

b. 2.00

c. 1.33

d. 4.00