Question

Liver Corporation's Gross margin is $100,000, Cost of goods sold equals $70,000, and Selling and administrative expenses total $45,000. Net operating income is: Multiple choice question. a. $(15,000) b. $55,000 c. $30,000 d. $25,000

Answer 1

Answer: 55,000

Step-by-step explanation:

100,000-45,000= 55,000