Question: Serfass Corporation's contribution format income statement for July appears below: $ Sales Variable expenses Contribution margin Fixed expenses Net operating income 270,000 121,500 148,500 63.860

Serfass Corporation's contribution format income statement for July appears below: $ Sales Variable expenses Contribution margin Fixed expenses Net operating income 270,000 121,500 148,500 63.860 84.640 The degree of operating leverage is closest to: 1.75 0.31 0.57 1.82

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