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The firm has net income of SA million, operating revenues of $265 million, and $20 million of interest expense. The fims tax rate is 20%. What were the firms operating expenses? O a. $ 225 million Ob.$230 milion 。c. 235 million O d.$ 240 million Oe $250 milliorn
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solution: 4 million 1 million 20 million 25 million Net income Add: taxes (40.2/1-0.20) Add: Interest operating income Operating expense operating revenue operating income 240 million (265-25) Hence option D is correct. . Sheet1 170 Sheet1 171 Sheet1 172 Sheet1 173 , Sheet1 174 Sheet1 175 , Sheet1 176 . Sheet1 177 ENG 11:43

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