Question 10
Rogue Industries reported the following items for the current year: Sales = \$3,000,000; Cost of Goods Sold = \$1,500,000; Depreciation Expense = \$170,000; Administrative Expenses = \$150,000; Interest Expense = \$30,000; Marketing Expenses = \$80,000; and Taxes = \$300,000. Rogue's operating income is equal to
\$1,500,000.
\$1,070,000.
\$770,000.
\$1,100,000.