Question: Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $364,000 163,800 200,200 92,090 $

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 $364,000 163,800 200,200 92,090 $ 108, 110 The degree of operating leverage is closest to: Multiple Choice 0.30 0.54 1.82 1.85

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