Consider the following information for Ball Corp.
$\begin{array}{lr}
\text { Selling and administrative expense } & \$ 40,000 \
\text { Depreciation expense } & 70,000 \
\text { Sales } & 350,000 \
\text { Interest expense } & 30,000 \
\text { Cost of goods sold } & 110,000 \
\text { Taxes } & 17,500
\end{array}$
What is the operating profit for Ball Corp.?
A) $71,450
B) $90,000
C) $130,000
D) None of the options

Question

Quizplus · Accepted Answer

Operating profit is calculated as Sales minus Cost of Goods Sold, Selling and Administrative Expenses, and Depreciation Expense. So, $350,000 - $110,000 - $40,000 - $70,000 = $130,000.

Consider the Following Information for Ball Corp What Is the Operating Profit for Ball Corp