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Serfass Corporation's contribution format income statement for July appears below: Sales $ 387,200 Variable expenses...

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Accounting

Serfass Corporation's contribution format income statement for July appears below: Sales $ 387,200 Variable expenses 232,320 Contribution margin 154,880 Fixed expenses 72,790 Net operating income $ 82,090 The degree of operating leverage is closest to: Multiple Choice A. 1.89 B. 0.53 C. 2.50 D. 0.21

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