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.