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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 cho…

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 cho…
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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

User Bill Hileman
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1 Answer

3 votes

Answer: 55,000

Step-by-step explanation:

100,000-45,000= 55,000

User Andrex
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