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    nangie lowrie Posts: 2, Reputation: 1
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    Oct 27, 2012, 04:19 PM
    How do you calculate operations income and net income
    Here are the numbers for a firm:
    Net cash provided by operations - 98,000
    Cost of goods sold - 310,000
    Selling, general & admin expenses - 124,000
    Accounts payable - 90,000
    Extraordinary loss , net of tax savings 36, 000... 136,000
    r&d expenses - 30,000
    Net loss from discontinued operations, net tax saving of 24,000... 60,000
    Provisions for income taxes 78,000
    Net sales 840,000
    Interest expense - 64,000

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