Computation of operating income from given datali retailing

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Reference no: EM13356385

Computation of operating income from given data.

Li Retailing reported the following items for the current year:

Sales = $1,000,000;

Cost of Goods Sold = $700,000;

Depreciation Expense = $40,000;

Administrative Expense = $70,000;

Interest Expense = $30,000;

Marketing Expense = $50,000; and

Taxes = $40,000.

Li's operating income is equal to:

a. $140,000
b. $110,000
c. $100,000
d. $300,000

Reference no: EM13356385

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