Serfass Corporation's contribution format income statement for July appears below:
Sales $ 371...
Business, 11.02.2020 20:47 theresaeleanor
Serfass Corporation's contribution format income statement for July appears below:
Sales $ 371,200
Variable expenses 185,600
Contribution margin 185,600
Fixed expenses 83,520
Net operating income $102,080
The degree of operating leverage is closest to:
a) 0.28
b) 0.55
c) 2.00
d) 1.82
Answers: 3
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