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How do calculate operating income for the year

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Reference no: EM132660735

Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014.

Cost of Goods Sold $117,000
Inventory $125,000
General & Administrative Expenses $48,000
Net Cash Provided from Financing Activities $48,000
Dividends Paid $16,000
Net Sales $278,000
Selling & Marketing Expense $65,000
Interest Expense $23,000
Income Tax Expense $7,500

Problem 1: How do calculate operating income for the year?

Reference no: EM132660735

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