Question: Serfass Corporation's contribution format income statement for July appears below: Sales$ 3 7 1 , 2 0 0 Variable expenses 1 8 5 , 6

Serfass Corporation's contribution format income statement for July appears below: Sales$ 371,200Variable expenses185,600Contribution margin185,600Fixed expenses83,520Net operating income$ 102,080 The degree of operating leverage is closest to:

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