Selling, general, and administrative expenses were $76,000; net sales were $345,000; interest expense was $8,100; research...

  

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Selling, general, and administrative expenses were $76,000; net sales were $345,000; interest expense was $8,100; research and development expenses were $35,500; net cash provided by operating activities was $89,200; Income tax expense was $8,600, cost of goods sold was $187,000. Required: a. Calculate operating income for the period. b. Calculate net income for the period. Selling, general, and administrative expenses were $76,000; net sales were $345,000; interest expense was $8,100; research and development expenses were $35,500; net cash provided by operating activities was $89,200; Income tax expense was $8,600, cost of goods sold was $187,000. Required: a. Calculate operating income for the period. b. Calculate net income for the period.

Answer rating: 100% (QA)

a Operating Income Operating Income Net Sales Cost of Goods Sold Selling G... View the full answer