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How do calculate operating income

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Reference no: EM132971488

Problem 1. Calculate gross profit (gross margin).

Sales $280,000

Cost of goods sold 160,000

Interest income 10,000

Interest expense 15,000

Operating expenses 65,000

Income taxes 7,500

10,000 shares of stock are outstanding.

Problem 2. Calculate operating income.

Sales $280,000

Cost of goods sold 160,000

Interest income 10,000

Interest expense 15,000

Operating expenses 65,000

Income taxes 7,500

10,000 shares of stock are outstanding.

Reference no: EM132971488

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