Multiple Choice
The Nellie Company has provided the following information: Operating expenses were $115,000;
Gross profit was $629,000;
Cost of goods sold was $470,000;
Interest expense was $17,000;
Income tax expense was $199,000.
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What was Nellie's operating income?
A) $514,000.
B) $612,000.
C) $497,000.
D) $298,000.
Correct Answer:

Verified
Correct Answer:
Verified
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