Selected data for three companies are given below. All inventory amounts are ending balances and all amounts are in millions.

Using the above data,calculate operating income for each company. (Enter amounts in millions as provided to you in the problem statement,xx.)

Company A

Cash.......$ 4, sales revenue $ 35, finished goods inventory $10,cost of goods sold $15, selling expenses $4, Equipment $60, work-in-progress inventory $7 ,Accounts receivable $11,cost of goods manufactured $24, administrative expenses $7.

Company B

Wages expenses......$10, equipment $ 25, accounts receivable $2,service revenue $37, cash $34, rent expense $10

Company C

Administrative expenses $6

cash $8,sales revenue $38, selling expenses $1, merchandise inventory $12,equipment $39, accounts receivable $17, cost of goods sold $10

Begin by calculating the operating income for Company A