Palmer Enterprises Has a Net Marketing Contribution of $60 Million

question 22

Multiple Choice

Palmer Enterprises has a net marketing contribution of $60 million.Its general and administrative expenses and other operating expenses are $20 million and $15 million,respectively.Calculate its operating income.

• A)$95 million
• B)$75 million
• C)$45 million
• D)$40 million
• E)$25 million