Use the appropriate informatio.
Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.Research & Development expenses $86,000Loss from discounted operations $34,000Provision from income taxes $68,000Net Sales $1,022,000Interest expense $72,000Net cash provoded by operations $76,000Gross profit $292,000Selling, general & administrative expenses $62,000Accounts recievable $134,000Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 – $90,000
Use the appropriate information from the data provided below to calculate operating income forthe year ended December 31,2011.Research & Development expenses $86,000Loss from discounted…
