A company has sales revenue of $137,000, cost of goods sold of $73,000, operating expenses of $42,000, and other expenses of $1,000. The company's operating income is:
A) $21,000.
B) $64,000.
C) $63,000.
D) $22,000.
D) $22,000.
Explanation: operating income = gross profit (sales revenue - cogs) - operating expenses. ($137,000 - $73,000) - $42,000 = $22,000
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