What was Callie's income from operations?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The Callie Company has provided the following information:
· Operating expenses were $231,000;
· Cost of goods sold was $376,000;
· Net sales were $940,000;
· Interest expense was $32,000;
· Gain on sale of a building was $76,000;
· Income tax expense was $151,000.
What was Callie's income from operations?
· Operating expenses were $231,000;
· Cost of goods sold was $376,000;
· Net sales were $940,000;
· Interest expense was $32,000;
· Gain on sale of a building was $76,000;
· Income tax expense was $151,000.
What was Callie's income from operations?
Group of answer choices
a)$333,000
B)$188,000
C)$156,000
d)$232,000
d)$232,000
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