Answer the following questions using the information below:

-What is operating income for 20X3?
A)$75,000
B)$112,000
C)$62,000
D)$230,000

Name: Answer the following questions using the information below: -What is operating income for 20X3? A)$75,000 B)$112,000 C)$62,000 D)$230,000
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Question

Answer the following questions using the information below:
 
-What is operating income for 20X3?
A)$75,000 
B)$112,000 
C)$62,000 
D)$230,000

Quizplus · Accepted Answer

Operating income is calculated as revenue minus expenses. In this case, revenue is $230,000 and expenses are $158,000, so operating income is $230,000 - $158,000 = $72,000.

Answer the Following Questions Using the Information Below