Question: Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 273,600 123,120 150,480 49,660

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

Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 273,600 123,120 150,480 49,660 $ 100,820 The degree of operating leverage is closest to: 0.67 1.49 0.37 o 1.82

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