Question: Selected data for the companies are given below. All inventory amounts we ending balances and amounts are in millions Click the icon to view the
Selected data for the companies are given below. All inventory amounts we ending balances and amounts are in millions Click the icon to view the data Using the above data, calculate operating income for each company (Enter Data Table - Begin by calculating the operating income for Company Company 5 $ 5 0 40 Company 13 Wages Experts 45 Equipment 2 Accounts Receivaba 21 Service Revenue Cash 52 Rent pense 1 Company A Cach Not Sales Revenue Finished Goods Inventory Cost of Ossol Seling Expenses Equipment Work in Process Wentory Accu Recovable Cost of Goods Mandured Administrative Express Raw Materials Inventory Company 18 Administrative Expenses 45 Cash Net Sales Rover 30 Seling Expenses 20 Merchandise Inventory 20 Eupart Accounts Receivable Couto Sold Gross Pro Seing and Administrative penes 1 25 10 33 Total Selling and Administratives Operating income 22 3
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