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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