PRE$-$TEST

Problem #$4$ of $20$

Operating income is gross profit

$1$

d$.$ less inventory.

$2$ b$.$ less operating erpenses.

$3$ c$.$ plus cost of goods sold.

$4$ d$.$ less cost of goods sold.

$5$

$6$

$7$

$8$

$9$

$10$

$11$

$12$