Solution-Calculate the operating income

Calculate the operating income

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Question - The information contained below is for the fiscal year ended December 31, 2013.

Cost of goods sold	$117,000
General and administrative expenses	48,000
Net Cash provided by financing activities	69,000
Dividends paid	16,000
Extraordinary loss from an flood, net of tax saving of $32,000	74,000
Income tax expense	11,000
Other selling expenses	26,000
Net Sales	278,000
Advertising expense	39,000
Accounts payable	33,000

Calculate the operating income for 2013.

Reference no: EM131706166

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Calculate the operating income

Reference no: EM131706166

Reference no: EM131706166

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