Operating profit calculations DO NOT use:
A)operating costs.
B)income tax expense.
C)cost of goods sold.
D)revenue.

Question

Quizplus · Accepted Answer

Operating profit calculations do not involve income tax expense, as this is not directly related to the day-to-day operations of a business. Operating profit is calculated by subtracting operating costs (such as salaries, rent, and utilities) and cost of goods sold from revenue.

Operating Profit Calculations DO NOT Use