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Which of the following statements regarding degree of operating leverage (DOL) is correct? DOL is calculated as operating income divided by variable costs. DOL is

Which of the following statements regarding degree of operating leverage (DOL) is correct?

DOL is calculated as operating income divided by variable costs.

DOL is calculated as net income divided by sales revenues.

DOL is considered to be a percentage of sales revenues.

DOL is considered to be a multiplier.

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