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Serfass Corporation's contribution format income statement for July appears below: Sales$255,000Variable expenses114,750Contribution margin140,250Fixed expenses44,880Net...

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Accounting

Serfass Corporation's contribution format income statement for July appears below:

Sales$255,000Variable expenses114,750Contribution margin140,250Fixed expenses44,880Net operating income$95,370

The degree of operating leverage is closest to:

a. 0.68

b 1.82

c 1.47

d 0.37

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