QUESTION $3$

Shown below are selected data from the financial statements of Noble Computers. $($Dollar amounts are in millions, except for the per share data.$)$

Income statement data:

Net sales

Cost of goods sold

Operating expenses

Net income

$$3,500$

$ $1,890$

$$675$

$$115$

Balance sheet data:

Average total equity

$$540$

Average total assets

$$4,400$

Noble's operating income was

a$.$ $$1,610.$

b$.$ $$675.$

c$.$ $$935.$

d$.$ $$115.$