The Formula Used to Calculate the Operating Income Is ________

Multiple Choice

The formula used to calculate the operating income is ________.

A) operating income = sales revenues + cost of goods
B) operating income = sales revenues - cost of goods - SGA expenses - other operating expenses
C) operating income = cost of goods + SGA expenses + other operating expenses
D) operating income = sales revenues - SGA expanses
E) operating income = sales revenues + cost of goods + SGA expenses + other operating expenses