How does net income differ from operating profit?
A.Operating profit includes interest expense and net income does not.
B.The difference is the amount of tax expense.
C.Net income represents the firm's profit after consideration of all revenue and expense reported for an accounting period, whereas operating profit only considers sales revenue and cost of goods sold.
D.Operating profit is calculated before interest expense, other income or expenses, and taxes, whereas net income includes all of those items.
Option D :- Operating profit is calculated before... View the full answer