What amount would appear in statement for operating income

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Reference no: EM13327342

The adjusted trial balance of Pacific Scientific Corporation on December 31, 2013, the end of the company's fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,180; cost of goods sold, $1,400; selling expenses, $195; general and administrative expenses, $185; interest expense, $60; and gain on sale of investments, $140. Income tax expense has not yet been accrued. The income tax rate is 30%. Assume the company's accountant prepared a multiple-step income statement.

What amount would appear in that statement for operating income? Ignore EPS disclosures.

Reference no: EM13327342

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