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标题: CFAI Mock AM - Operating Income [打印本页]

作者: IAmNeil    时间: 2011-7-13 15:44     标题: CFAI Mock AM - Operating Income

For q14, operating income = sales - cogs- sg&a - r&d

In exhibit 2 of the vignette for q's 31-36, operating income deducts depreciation.

I always thought depr. should be deducted to arrive at operating income. Which way is right?
作者: Kapie    时间: 2011-7-13 15:44

I haven't worked the mock yet but, depr is an operating expense so it should be deducted to reach EBIT.
作者: Otabek    时间: 2011-7-13 15:44

Ya this tripped me up too, can anyone clarify?
作者: luda002    时间: 2011-7-13 15:44

Agreed I used ebit as operating income but still chose c due to ltd ratio having more to do with credit worthiness than oi/sales. I always thought oi= ebit but I guess not
作者: sameeragarwal    时间: 2011-7-13 15:45

Yeah I still got the q right but I was just asking for clarification of the definition. I'm still going to assume op profit = EBIT. That's pretty much the definition everywhere else.




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