The cost of goods sold and the SGA expenses of an organization are $60 million and $25 million, respectively. Its other operating expenses amount to $15 million. Its marketing and sales expenses are $12 million. Determine the total operating income of the organization if it generates sales revenues of $150 million. (Read pages 49-55; Gross Profit = Sales Revenues x Percent Gross Profit; Gross Profit = Sales Revenue - Costs of Goods)

		$90 million
		$50 million
		$75 million
		$38 million
		$65 million