To calculate his company's _______________,Edgar will subtract operating expenses from gross profits.
A)cost of goods sold
B)profits before taxes
C)operating income
D)retained earnings

Question

Quizplus · Accepted Answer

Operating income is calculated by subtracting operating expenses from gross profits. Cost of goods sold refers to the direct cost of producing goods, profits before taxes includes all income and expenses before taxes, and retained earnings are the profits that a company keeps after paying out dividends.

To Calculate His Company's _______________,Edgar Will Subtract Operating Expenses from Gross