Problem:
Calculate operating income using the following information:
|
Gross profit margin
|
45%
|
|
Cost of goods sold
|
$450
|
|
Interest income
|
80
|
|
Depreciation expense
|
120
|
|
General & administrative expense
|
150
|
|
Income tax expense
|
70
|
|
Advertising expense
|
100
|
|
Interest expense
|
30
|
Additional Information:
This question is basically belongs to the Finance and it explains about computing the operating income or profit from the given particulars.