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Serfass Corporation's contribution format income statement for July appears below: Sales $ 3 4 9 , 8 0 0 Variable expenses 1 5 7 ,

Serfass Corporation's contribution format income statement for July appears below:
Sales $ 349,800
Variable expenses 157,410
Contribution margin 192,390
Fixed expenses 50,020
Net operating income $ 142,370
The degree of operating leverage is closest to:
Multiple Choice
0.41
0.74
1.82
1.35

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