A company reported gross profit of $72,000, total operating expenses of $41,000 and interest income of $3,600. What is the income from operations?
A)$31,000
B)$27,400
C)$41,000
D)$34,600

Question

Quizplus · Accepted Answer

Income from operations is calculated by subtracting total operating expenses from gross profit. Therefore, $72,000 - $41,000 = $31,000. Interest income is not considered in calculating income from operations.

A Company Reported Gross Profit of $72,000, Total Operating Expenses