Question: Problem 2 - 4 ( Algo ) Operating profit [ LO 2 - 1 ] A - Rod Fishing Supplies had sales of $ 2

Problem 2-4(Algo) Operating profit [LO2-1]
A-Rod Fishing Supplies had sales of $2,860,000 and cost of goods sold of $2,150,000. Selling and administrative expenses represented 8 percent of sales. Depreciation was 6 percent of the total assets of $4,980,000.
What was the firms operating profit?

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