Net operating income: Net operating income is the income derived after subtracting operating expense from gross margin, If the company doesn’t have non operating expense or non operating income, net operating income is profit for the company else profit would change. The amount of the net operating income.

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Chapter 3, Problem 15F15

To determine

Net operating income: Net operating income is the income derived after subtracting operating expense from gross margin, If the company doesn’t have non operating expense or non operating income, net operating income is profit for the company else profit would change.

The amount of the net operating income.

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