Based on the income statements shown below, which division has the cost structure with the highest operating leverage?

	Soft Drinks					Bottled Water						Fruit Juices
Revenue		$	50,000					$	50,000					$	50,000
Variable costs			(10,000	)					(5,000	)					(30,000	)
Contribution margin			40,000						45,000						20,000
Fixed costs			(30,000	)					(40,000	)					(10,000	)
Net income		$	10,000					$	5,000					$	10,000

A. Bottled Water.

B. Fruit Juices.

C. Soft Drinks.

D. The three divisions have identical operating leverage.