Using the company’s income statement presented, its degree of operating leverage is closest to:
| Income Statement | $ millions |
| Revenues | 9.8 |
| Variable Operating Costs | 7.2 |
| Fixed Operating Costs | 1.5 |
| Operating Income | 1.1 |
| Interest | 0.6 |
| Taxable Income | 0.5 |
| Tax | 0.2 |
| Net Income | 0.3 |
C is correct.
