Madeline wants to determine operating income for her company. To do so, she must subtract both the cost of goods sold and all operating expenses from gross sales revenue.

Name: Madeline wants to determine operating income for her company. To do so, she must subtract both the cost of goods sold and all operating expenses from gross sales revenue.
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

Quizplus · Accepted Answer

Operating income is calculated by subtracting the cost of goods sold and operating expenses from gross sales revenue.

Madeline Wants to Determine Operating Income for Her Company