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The Nellie Company has provided the following information: Operating expenses were $131,000; Gross profit was $670,000; Cost of goods sold was $470,000; Interest expense was
The Nellie Company has provided the following information:
Operating expenses were $131,000;
Gross profit was $670,000;
Cost of goods sold was $470,000;
Interest expense was $17,000;
Income tax expense was $198,000.
What was Nellie's operating income?
A. $539,000
B. $79,000
C. $522,000
D. $324,000
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