Consider the following information for Ball Corp. Selling and administrative expense Depreciation expense Sales Interest expense Cost of goods sold Taxes $40,000 70,000 350,000 30,000 110,000 17,500 What is the operating profit for Ball Corp.? O$71,450 O $90,000 $130,000 None of the options

The answer is $130,000

Explanation:

Selling and administrative expense - $40,000

Depreciation expense $70,000

Sales - $350,000

Interest expense - $30,000

Cost of goods sold - $110,000

Taxes -$ 17,500

Operating profit is the profit before interest and tax.

Sales$350,000

Cost of Sales ($110,000)

Gross profit$240,000

Expenses:

Selling and administrative

expense($40,000)

Depreciation expense($70,000)

Profit before interest & tax$130,000

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

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