Question

LeGrand Corporation reported the following amounts in its income statement: Sales revenue $ 440,000 Advertising expense...

LeGrand Corporation reported the following amounts in its income statement:

Sales revenue

$

440,000

Advertising expense

60,000

Interest expense

10,000

Salaries expense

55,000

Utilities expense

25,000

Income tax expense

45,000

Cost of goods sold

180,000

What was LeGrand's operating income?

Question 16 options:

$110,000

$65,000

$260,000

$120,000
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Answer #1

120,000 is the right option ,check it how:-

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