Item$4$

$12\mathrm{.}5$points

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Item $4$

Exercise $9-13($Static$)$ Operating income versus net income LO $9-5$

If you were asked to assist an investor in the evaluation of the profitability of a company and could have only limited historical data, would you prefer to provide your advice and assistance on the basis of operating income or net income data for the past five years?

Multiple Choice

Operating income

Net income