Question: Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $371,200 185,600 185,600 83,520 $102,080

Variable expenses Contribution margin Fixed expenses Net operating income $371,200 185,600 185,600

Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $371,200 185,600 185,600 83,520 $102,080 The degree of operating leverage is closest to: 0.28 0.55 2.00 O 1.82

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