Salvadore Inc., a local retailer, has provided the following data for the month of September:

-The net operating income for September was:
A)$60,000
B)$128,000
C)$127,000
D)$59,000

Question

Salvadore Inc., a local retailer, has provided the following data for the month of September:

-The net operating income for September was:
A)$60,000 
B)$128,000 
C)$127,000 
D)$59,000

Quizplus · Accepted Answer

Net operating income = Sales - Cost of goods sold - Selling and administrative expenses
= $260,000 - $134,000 - ($15,000 + $52,000)
= $59,000