The Nellie Company Has Provided the Following Information: Operating Expenses

question 28

Multiple Choice

The Nellie Company has provided the following information: Operating expenses were $115,000;
Gross profit was $629,000;
Cost of goods sold was $470,000;
Interest expense was $17,000;
Income tax expense was $199,000.
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What was Nellie's operating income?

• A)$514,000.
• B)$612,000.
• C)$497,000.
• D)$298,000.

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Definitions:

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