Listed Below Are Five Terms Followed by a List of Phrases

question 33

Multiple Choice

Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
-_____ Equals operating income plus nonoperating revenues less nonoperating expenses.

• A)Gross profit
• B)Net income
• C)Inventory turnover ratio
• D)Operating income
• E)Income before income taxes