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?
A. 3.00
B. 2.00
C. 0.33
D. 1.31
Answer: A
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