Question: Serfass Corporation's contribution format income statement for July appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 327,700 180,235 147,465 66,360

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 $ 327,700 180,235 147,465 66,360 $ 81,105 The degree of operating leverage is closest to: Multiple Choice 0.25 O 0.55 O 2.22 1.82

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