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Acme Pest Control Has Sales of $13,500, Cost of Goods

Question 41

Multiple Choice

Acme Pest Control has sales of $13,500, cost of goods sold of $4,000, selling expenses of $3,500, depreciation of $2,000, interest expense of $2,000, and a tax rate of 34%.
-What is Acme's operating income?


A) $4,000
B) $2,000
C) $9,500
D) $6,000
E) $1,320

Correct Answer:

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