Question: Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions (Click the icon to

Selected data for three companies are given below. All inventory amounts are

Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions (Click the icon to view the data); Using the above data, calculate operating income for each company (Enter amounts in milions as provided to you in the problem statement, SX) Begin by calculating the operating income for Company A Net Sales Revenue Company A Cost of Goods Sold Gross Profit Selling and Administrative Expenses: Selling Expenses Administrative Expenses Total Seling and Administrative Expenses Operating Income S Now calculate the operating income for Company B. Company B Expenses Total Expenses Operating Income Data table $ 28 10 12 10 Company A Company B Company C Cash Net Sales Revenue $ 13 Wages Expense $ 14 Administrative Expenses $ 3 28 Equipment 41 Cash 11 Finished Goods Inventory 6 Accounts Receivable 9 Net Sales Revenue 32 Cost of Goods Sold 16 Service Revenue 39 Selling Expenses 9 Selling Expenses 9 Cash 10 Merchandise Inventory 15 Equipment 62 Rent Expense 11 Equipment 47 Work-in-Process Inventory Accounts Receivable 1 Accounts Receivable 16 Cost of Goods Sold 18 Cost of Goods Manufactured 22 Administrative Expenses 1 Raw Materials Inventory 10 Print Done

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