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RM Grady Productions reported the following items for the current year Sales = $15,250,000, Cost of Goods Sold = $8,750,000, Depreciation Expense = $335,000, Taxes
RM Grady Productions reported the following items for the current year Sales = $15,250,000, Cost of Goods Sold = $8,750,000, Depreciation Expense = $335,000, Taxes = $925,000, Administrative Expenses = $275,000; Interest Expense = $97,500, and Marketing Expenses = $385,000 What is RM Grady's operating income? OA $5,477,500 O B. $6,165,000 OC$4,333,000 OD. $15,250,000 OE None of the above.
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