Referring to the Following Table,what Is Operating Income A) $40,000
B) $55,000
C) $160,000
D) $190,000

question 109

Multiple Choice

Referring to the following table,what is Operating income? $\begin{array}{|l|r|}\hline\text { Sales revenue } & \$ 460,000 \\\hline \text { Cost of goods sold } & 300,000 \\\hline \text { Operating expenses } & 85,000 \\\hline \text { Sales discounts } & 20,000 \\\hline \text { Sales returns and allowances } & 15,000 \\\hline \text { Interest revenue } & 5,000\\\hline\end{array}$

• A) $40,000
• B) $55,000
• C) $160,000
• D) $190,000