The following income statement is provided for Vargas, Inc.

Sales revenue (2,400 units $19.90 per unit)	$	47,760
Cost of goods sold (variable; 2,400 units $9.90 per unit)		(23,760)
Cost of goods sold (fixed)		(3,900)
Gross margin		20,100
Administrative salaries		(5,900)
Depreciation		(4,900)
Supplies (2,400 units $1.90 per unit)		(4,560)
Net income	$	4,740

What is this company's magnitude of operating leverage? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

4.10

0.25

0.24

4.24