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Lloyd Corporation's contribution format income statement for July appears below: Sales $388,800 Variable expenses 213,840 Contribution margin 174,960 Fixed expenses 83,980 Net operating income
Lloyd Corporation's contribution format income statement for July appears below: Sales $388,800 Variable expenses 213,840 Contribution margin 174,960 Fixed expenses 83,980 Net operating income $ 90,980 The degree of operating leverage is closest to: Multiple Choice. 1.92 C 2.22 0.52 0.23
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