10 11 12 the who This is the figure used for calculating federal lecome tax expune. 13 14 15 Question 12 (1 point) Listen 16 17 18 19 20 21 I Why is it important to assess operating profit? The figure for operating profit provides a basis for assessing the success of the considerations. firm apart from its financing and investing activities and separate from tax Operating profit represents the firm's profits after consideration ot all revenues and expenses, except for taxes. Operating profit represents the firm's profits after consideration of all revenues and expenses. Operating profit represents the firm's profits after consideration of all revenues, expenses and comprehensive income. 22 23 24