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  3. Study Set
    Principles of Managerial Finance
  4. Exam
    Exam 3: Financial Statements and Ratio Analysis
  5. Question
    Operating Profits Are Defined as
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Operating Profits Are Defined as

Question 126

Question 126

Multiple Choice

Operating profits are defined as


A) gross profits minus operating expenses.
B) sales revenue minus cost of goods sold.
C) earnings before depreciation and taxes.
D) sales revenue minus depreciation expense.

Correct Answer:

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