Answered

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Operating income is gross profit:

A. less cost of goods sold.
B. less operating expenses.
C. plus cost of goods sold.
D. less inventory.

Sagot :

GinnyAnswer

Final answer:

Operating income is the excess of revenues over out-of-pocket expenses, calculated as gross profit less operating expenses.


Explanation:

Operating income is defined as the excess of revenues over out-of-pocket expenses, commonly known as gross profit. It is calculated by subtracting operating expenses from the gross profit figure. Therefore, Operating income is gross profit less operating expenses.


Learn more about Operating income here:

https://brainly.com/question/38968366


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