Referring to the following table,what is Operating income? $\begin{array}{|l|r|}
\hline\text { Sales revenue } & \$ 460,000 \
\hline \text { Cost of goods sold } & 300,000 \
\hline \text { Operating expenses } & 85,000 \
\hline \text { Sales discounts } & 20,000 \
\hline \text { Sales returns and allowances } & 15,000 \
\hline \text { Interest revenue } & 5,000\\hline
\end{array}$
A) $40,000
B) $55,000
C) $160,000
D) $190,000

Question

Quizplus · Accepted Answer

Operating income is calculated as sales revenue minus cost of goods sold and operating expenses. In this case, operating income is $460,000 - $300,000 - $85,000 = $75,000.

Referring to the Following Table,what Is Operating Income A) $40,000 B) $55,000 C) $160,000 D) $190,000

Referring to the Following Table,what Is Operating Income A) $40,000
B) $55,000
C) $160,000
D) $190,000