Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Cost of Goods Sold    117,000 Inventory   125,000 General & Administrative Expenses   48,000 Net Cash Provided from Financing Activities  48,000 Dividends Paid   16,000 Net Sales  278,000 Selling & Marketing Expense   65,000 Interest Expense   23,000 Income Tax Expense  7,500

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014.

Cost of Goods Sold    117,000

Inventory   125,000

General & Administrative Expenses   48,000

Net Cash Provided from Financing Activities  48,000

Dividends Paid   16,000

Net Sales  278,000

Selling & Marketing Expense   65,000

Interest Expense   23,000

Income Tax Expense  7,500

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