Final answer:
To determine the operating income for Catbird Company, we need more information about their expenses and revenues. Operating income is calculated by subtracting the operating expenses from the gross income of a business. Once we have the necessary information, we can calculate the operating income for Catbird Company in the current year.
Step-by-step explanation:
Janice is the sole owner of Catbird Company. To determine the operating income for the current year, we need more information about the expenses and revenues of Catbird Company. Operating income is calculated by subtracting the operating expenses from the gross income of a business. Operating expenses include costs such as salaries, rent, utilities, and materials. Once we have information about these expenses, we can calculate the operating income of Catbird Company for the current year.