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Chapter 1 · Corporate and Legal AffairsPractice
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CONCEPT PRACTICE

Operating profit

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Volume 2 · Chapter 1 · Textbook Exercises · Q5

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At the closing account at the end of the fiscal period, the income statement information is obtained as shown in the table below. How much is the operating profit (in millions of dollars) for this period? Unit: million dollars Item Amount Sales 150 Cost of sales 100 Selling, general, and administration expense 20 Non-operating income 4 Non-operating expense 3

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Source: FE Vol 2.pdf, PDF page 135, textbook p. 131 · Information-technology Promotion Agency, Japan · First Edition: April, 2015. ID: tb-v2-c1-q5. Publisher answer and commentary · private review.

Original question · Q5
Q5 
At the closing account at the end of the fiscal period, the income statement information is 
obtained as shown in the table below. How much is the operating profit (in millions of dollars) 
for this period? 
Unit: million dollars
Item 
Amount 
Sales 
150 
Cost of sales 
100 
Selling, general, and administration expense 
  20 
Non-operating income 
   4 
Non-operating expense 
   3 
 
a) 27 
b) 30 
c) 31 
d) 50

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