Julius Corporation Had the Following Income Statement for 2018 What Is the Degree of Operating Leverage for Julius Corporation

Multiple Choice

Julius Corporation had the following income statement for 2018: $$\begin{array} { l r } \text { Sales } & \$ 80,000 \\\text { Variable expenses } & 56,000 \\\text { Contribution margin } & \$ 24,000 \\\text { Fixed expenses } & 16,000 \\\text { Operating income } & \$ 8,000\end{array}$$ What is the degree of operating leverage for Julius Corporation for 2018?

A) 3.000
B) 2.000
C) 0.333
D) 2.333