Question: Serfass Corporation's contribution format income statement for July appears below: Sales $358, 400 Variable expenses 197, 120 Contribution margin 161, 280 Fixed expenses 74,190 Net

Serfass Corporation's contribution format income statement for July appears below: Sales $358, 400 Variable expenses 197, 120 Contribution margin 161, 280 Fixed expenses 74,190 Net operating income $ 87,090 The degree of operating leverage is closest to

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