Question: Serfass Corporation's contribution format income statement for July appears below: Sales$ 2 6 0 , 0 0 0 Variable expenses 1 7 6 , 0

Serfass Corporation's contribution format income statement for July appears below: Sales$ 260,000Variable expenses176,000Contribution margin84,000Fixed expenses71,800Net operating income$ 12,200 The degree of operating leverage is closest to:

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