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Calculate operating income in 2021 using the following balances for an industrial company (not a financial institution). 2021 Tax Expense 80 Accumulated Depreciation 150 Sales
Calculate operating income in 2021 using the following balances for an industrial company (not a financial institution).
| 2021 | |
| Tax Expense | 80 |
| Accumulated Depreciation | 150 |
| Sales | 850 |
| Unearned Revenue | 40 |
| Investment Income | 20 |
| Selling and Administrative Expense | 120 |
| Prepaid Insurance Expense | 80 |
| Gross Profit | 400 |
| Other Operating Expense | 15 |
| Dividends | 4 |
Total operating income is:
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Food And Beverage Cost Control
Authors: Jack E. Miller, Lea R. Dopson, David K. Hayes
3rd Edition
0471273546, 978-0471273547
