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Serfass Corporation's contribution format income statement for July appears below: Sales $353,800 Variable expenses 194,590 Contribution margin 159, 210 Fixed expenses 65,280 Net operating income

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Serfass Corporation's contribution format income statement for July appears below: Sales $353,800 Variable expenses 194,590 Contribution margin 159, 210 Fixed expenses 65,280 Net operating income $93,930 The degree of operating leverage is closest to: The degree of operating leverage is closest to: Multiple Cholce 0.27 0.59 222 1.69

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