Question 1 Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue Cost of goods sold (all variable) Gross margin Selling expenses (20% variable) Administrative expenses (60% variable) Operating income $68,500 25,500 43,000 8,500 15,000 $19,500 (a) x] Your answer is incorrect. Try again. What is Mary's degree of operating leverage? (Round answer to 2 decimal places, e.g. 52.75.) 2.96 Operating leverage Click if you would like to Show Work for this question: Open Show Work