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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Calculate operating income and net income Selling, general, and administra- tive expenses were $132,000; net sales were $600,000; interest expense was $14,200; research and development expenses were $63,000; net cash provided by operating activities was $159,300; net income was $33,600; income tax expense was $15,200; cost of goods sold was $330,000.
Required:
a.      Calculate operating income for the period.
b.     Calculate net income for the period.
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