Question: Serfass Corporation's contribution format income statement for July appears below: Sales $ 388,800 Variable expenses 213,840 Contribution margin 174,960 Fixed expenses 83,980 Net operating income

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

Sales $ 388,800
Variable expenses 213,840
Contribution margin 174,960
Fixed expenses 83,980
Net operating income $ 90,980

The degree of operating leverage is closest to:

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