Cannondale gross profit and operating income

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Reference no: EM13114856

The following information was reported on the income statement of Cannondale in one of its early years of operation. Sales revenues, $450,000; Cost of goods sold, $200,000; Selling, general, and administrative, $150,000; Interest expense, $30,000. Cannondale's gross profit and operating income would be: Gross profit Operating income

a. $100,000 $70,000

b. $250,000 $70,000

c. $300,000 $70,000

d. $250,000 $100,000

Reference no: EM13114856

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