If a Company Has Very Low Operating Leverage (I

If a company has very low operating leverage (i.e. a low proportion of fixed costs the cost structure) and no changes are expected in operations

A) percentage change income statement percentages can serve as the basis for projecting operating expenses.
B) using common-size income statement percentages will overstate future projected operating expenses.
C) using common-size income statement percentages will understate future projected operating expenses.
D) using common-size income statement percentages can serve as a reasonable basis for projecting future operating expenses.

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