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What do these formulas mean What does S stand for

What do these formulas mean? What does S stand for?

•DOL (degree of operating leverage) = (S – VC)/(S – VC – FC) = % Change in Op Income for given % change in Sales

•DFL (degree financial leverage) = (S – VC – FC)/(S – VC – FC – I) = % change in NI from given % change in Op Income

May 24 2018 View more View Less

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