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Business, 12.02.2020 04:09 Ezasha

The following information was drawn from the records of Calico Company Income Statement Sales Revenue (170 @ $520 per unit) $ 88,400 Cost of Goods Sold: Variable (170 @ $220 per unit) (37,400 ) Fixed (17,000 ) Gross Margin 34,000 Sales Commissions (170 @ $40) (6,800 ) Depreciation (2,800 ) Net Income $ 24,400 Based on this information the magnitude of operating leverage is approximately (round to nearest hundredth):

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