The Following Information Relates to Nebula Inc Calculate the Operating Income

question 140

Multiple Choice

The following information relates to Nebula Inc. $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 230,000 \\\hline \text { Cost of Goods Sold } & 150,000 \\\hline \text { Interest Revenue } & 10,000 \\\hline \text { Operating Expenses } & 42,500 \\\hline \text { Sales Discounts } & 20,000 \\\hline \text { Sales Returns and Allowances } & 5,000 \\\hline\end{array}$$ Calculate the operating income.

• A) $12,500
• B) $67,500
• C) $230,000
• D) $35,000

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