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Lucy INC. has the following information on its accounting records: gross profits $175,000; interest expense...

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Accounting

Lucy INC. has the following information on its accounting records: gross profits $175,000; interest expense $25,000; selling, general and administration expenses $70,000; tax expense $12,000; and Sales $325,000. What is operating income?

$150,000

$80,000

$45,000

$33,000

$105,000

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