Question

Net operating income is calculated by subtracting ______ from ______. Multiple choice question. cost of goods sold; sales cost of goods sold; gross margin selling and administrative expenses; sales selling and administrative expenses; gross margin

Answer 1

Net operating income is calculated by subtracting selling and administrative expenses from gross margin.

What is Net operating income?

In accounting, net income can be regarded as the  subtraction of income from other costs.

These other costs could be;

• goods sold
• expenses
• depreciation and amortization
• interest

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