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EB2. LO 2.1 CPK & Associates is a mid-size legal firm, specializing in closings and real estate law in the south. In 2019, they generated
EB2. LO 2.1 CPK & Associates is a mid-size legal firm, specializing in closings and real estate law in the south. In 2019, they generated $945,000 in sales revenue. Their expenses related to this years revenue are shown:
Operating expenses (including salaries): $312,000
Cost of services
Total cost per client: 1,750
Clients served in 2019: 225
Based on the information provided for the year, what was their net operating income?
Service Revenue:
Cost of Services:
Operating Expenses:
Operating Income:
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