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CFA Level 1
Financial Reporting and Analysis

Calculate Operating Income from Income Statement

Easy Financial Statements Income Statement

Imagine you are reviewing the annual income statement of a mid-sized technology firm. The income statement lists total revenues of $500,000, cost of goods sold (COGS) of $300,000, operating expenses of $100,000, and interest expenses of $20,000. Based on this information, what would be the operating income for the firm?

Hint

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