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The following income statement is provided for Grant, Inc. Sales revenue (1,500 @ $30 per unit) $ 45,000 Variable costs (1,500 @ $14 per unit)
The following income statement is provided for Grant, Inc.
| Sales revenue (1,500 @ $30 per unit) | $ | 45,000 | |
| Variable costs (1,500 @ $14 per unit) | 21,000 | ||
| Fixed costs | 16,000 | ||
| Net income | $ | 8,000 | |
What is this company's magnitude of operating leverage?
3.00
2.00
1.31
0.33
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