Jarris Inc. just paid $38,000 in corporate taxes, with its average tax rate at 25%. It spent $24,000 in interest expenses. Jarris Inc.'s cost of goods sold was $190,000; its selling and administrative expenses were $30,000; its depreciation expense was $30,000 (not included in either the cost of goods sold, or in the selling and administrative expenses). What is Jarris Inc.'s operating income?

Answer rating: 100% (QA)

To calculate Jarris Incs operating income we need to start with the companys earnings ... View the full answer