The following information relates to Sports Bikes, Inc. $$\begin{array} { | l | r | }
\hline \text { Net Sales Revenue } & \$ 216,000 \
\hline \text { Cost of Goods Sold } & 160,000 \
\hline \text { Interest Revenue } & 10,000 \
\hline \text { Operating Expenses } & 40,000 \
\hline
\end{array}$$ Calculate the operating income.

Question

The following information relates to Sports Bikes, Inc. $$\begin{array} { | l | r | } 
\hline \text { Net Sales Revenue } & \$ 216,000 \
\hline \text { Cost of Goods Sold } & 160,000 \
\hline \text { Interest Revenue } & 10,000 \
\hline \text { Operating Expenses } & 40,000 \
\hline
\end{array}$$ Calculate the operating income.

Quizplus · Accepted Answer

Operating income = Net Sales Revenue - Cost of Goods Sold - Operating Expenses= $216,000 - $160,000 - $40,000= $16,000

The Following Information Relates to Sports Bikes, Inc Calculate the Operating Income