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Which is a correct definition of operating income

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Reference no: EM132609818

Question 1: Which of the following is a correct definition of operating income?

Multiple Choice

Option 1: Sales minus variable expenses.

Option 2: Income before interest and taxes (EBIT).

Option 3: Sales minus variable expenses and traceable fixed expenses.

Option 4: Contribution margin minus traceable and common fixed expenses.

Reference no: EM132609818

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