A company reported gross profit of $77,000, total operating expenses of $41,500 and interest income of $2,200. What is the income from operations?
Multiple Choice
$33,300
$31,100
$37,700
$35,500
Answer : $ 35,500
Income From Operations = Gross Profit - Operating Expenses
= 77,000-41,500 = $35,500 (Answer)
A company reported gross profit of $77,000, total operating expenses of $41,500 and interest income of...
A company reported gross profit of $92,000, total operating expenses of $49,000 and interest income of $3,700. What is the income from operations? Multiple Choice $39.300 $46,700 $35,600 $43.000
#2 A company reported gross profit of $79,000, total operating expenses of $42,500 and interest income of $2,400. What is the income from operations? Multiple Choice Ο $36.500 Ο Ο 34100 Ο S31700
A company reported gross profit of $94,000, total operating expenses of $50,000 and interest income of $3,900. What is the income from operations? a) $40,100 b) $47,900 c) $36,200 d) $44,000
Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company (refer to Exhibit 2.9). Multiple Choice 44.2% and 5.1% 50.2% and 5.1% Cannot be calculated with the information provided 44.2% and 8.3% EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2016 2015 2014 $ 871,192 486,181 385,011 235,556 71,969 33,318 340,843 44,168 621 (2,368) 17,662 (1,690) 58,393 (132,561) 190,954 1,054 $ 189,900 $843,794...
thank you so much In a multiple-step income statement, operating expenses are subtracted from gross profit to compute Oa. net income. Ob. income from operations. Oc. other income. Od. net loss.
Calculate gross profit margin (gross profit/revenues) and operating profit margin (operating profit/revenues) for Tesco PLC (refer to Exhibit 2.13). Multiple Choice 5.4% and 5.1% 5.4% and 2.3% Cannot be calculated with the information provided 4.2% and 8.3% EXHIBIT 2.13 TESCO PLC Excerpt from Group Income Statement 52 weeks ended 25 February 2017 Before exceptional items £m Exceptional items (Note 4) £m Total £m Continuing operations Note Revenue Cost of sales Gross profit (loss)...... Administrative expenses Profits/(losses) arising on property-related items....
Calculate gross profit margin (gross profitirevenues) and operating profit margin (operating profit/revenues) for Callaway Golf Company tceferto Exhibit 2.9) Muitiple Cholce 44.2% end 57% 50.2% and 5 Cannot be calculeted with the information provided 44.2% end 8% EXHIBIT 2.9 CALLAWAY GOLF COMPANY Consolidated Statements of Operations (In thousands, except per share data) Year Ended December 31, 2014 2015 2016 $886,945 $ 871,192 $843,794 Net sales... 529,019 486,161 486,181 Cost of sales 357,926 357,633 385,011 Gross profit. Selling expenses.. General and...
Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income 4,500,000 (3,500,000) 1,000,000 (500,000) $500,000 (100,000) $400,000 (140,000) $260,000 We were unable to transcribe this imageCurrent assets Net fixed assets Total Assets $500,000 Liabilities ,500,000 Owners equity $1,000,000 1,000,000 $2,000,000 $2,000,000 Total
The Willie Company has provided the following information: Operating expenses were $355,000; Income from operations was $230,000; Net sales were $1,300,000; Interest expense was $75,000; Loss from sale of investments was $83,000; Income tax expense was $62,000. What was Willie's gross profit?
In its income statement for the year ended December 31, 2017, Blossom Company reported the following condensed data. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $450,000 Loss on disposal of plant assets 1,149,500 Sales revenue 65,000 Income tax expense 145,200 Sales discounts 300,000 Utilities expense $83,000 2,210,000 25,000 120,000 100,000 Your answer is partially correct. Prepare a multiple-step income statement. (List other revenues before other expenses.) BLOSSOM COMPANY Income Statement For the Year...