Selling, general, and administrative expenses were $78,000; net sales were $520,000; interest expense was $11,600; research and
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Selling, general, and administrative expenses were $78,000; net sales were $520,000; interest expense was $11,600; research and development expenses were $61,400; net cash provided by operating activities was $67,300; income tax expense was $17,100; cost of goods sold was $312,000.
Required:
a. Calculate operating income for the period.
b. Calculate net income for the period.
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a b Net cash provided by operating activities does not figure in the solutio...View the full answer
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