Using the above data, calculate operating income for each company.

Selected data for three companies are given below. (All amounts inmillions.)

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Company A Company B Company C $ 5 12 35 Cash Sales Revenue Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory 8 Wages Expense 37 Equipment $19 Administrative Expenses 27 Caslh 8 Sales Revenue 40 Selling Expenses 15 Merchandise Inventory 12 Equipment 6 Accounts Receivable 22 Sevice Revenue 5 Cash 56 Rent Expense 4 12 25 4. 10 45 15 20 Accounts Receivable Cost of Goods Solds