Question: Serfass Corporation's contribution format income statement for July appears below: Sales $ 307,800 Variable expenses 153,900 Contribution margin 153,900 Fixed expenses 40,010 Net operating income

Serfass Corporation's contribution format income statement for July appears below:

Sales $ 307,800
Variable expenses 153,900
Contribution margin 153,900
Fixed expenses 40,010
Net operating income $ 113,890

The degree of operating leverage is closest to:

Multiple Choice

  • 0.37

  • 0.74

  • 2.00

  • 1.35

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