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The following Income statement is provided for Vargas, Inc. Sales revenue (2,800 units * $20.30 per unit) Cost of goods sold (variable; 2,800 units *

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The following Income statement is provided for Vargas, Inc. Sales revenue (2,800 units * $20.30 per unit) Cost of goods sold (variable; 2,800 units * $10.30 per unit) Cost of goods sold (fixed) Gross margin Administrative salaries Depreciation Supplies (2,800 units * $2.30 per unit) Net income $ 56,840 (28,840) (4,300) 23,700 (6,300) (5,300) (6,440) $ 5,660 What is this company's magnitude of operating leverage? (Round your answer to 2 decimal places.) Multiple Choice 0.24 419 0.25

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