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QUESTION

Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.

Use the appropriate information from the data provided below to calculate operating income for the year ended December 31,2011.Research & Development expenses $86,000Loss from discounted operations $34,000Provision from income taxes $68,000Net Sales $1,022,000Interest expense $72,000Net cash provoded by operations $76,000Gross profit $292,000Selling, general & administrative expenses $62,000Accounts recievable $134,000Extraordinary gain from lawsuit settlement, net of tax expense of $26,000 - $90,000

Use the appropriate information from the data provided below to calculate operating income forthe year ended December 31,2011.Research & Development expenses $86,000Loss from discounted...
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