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What is the operating income of the firm

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Question 1: A firm's Income Statement shows Sales Revenue of $100,000, Cost of Sales of $60,000, Administrative Expenses of $10,000, Rental Expenses of $20,000, Interest Revenue of $10,000, and Interest Expense of $5,000. Assuming there are no other items to be considered and that the income taxes are 35% of net income before taxes, what is the operating income of this firm?

Reference no: EM132579803

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