7) Net operating profit after tax (NOPAT) includes operating revenues less expenses such as: A) Cost of goods sold (COGS) B) C) D) E) F) Taxes on operating income Selling, general and administrative expenses (SG&A) After-tax earnings from investments and interest expenses All of the above A, B and C only

7) Net operating profit after tax (NOPAT) includes operating revenues less expenses such as: A) Cost of goods sold (COGS) B) Taxes on operating income C) Selling, general and administrative expenses (SG\&A) D) After-tax earnings from investments and interest expenses E) All of the above F) A, B and C only