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#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
Operating profit represents the results of the company’s usual business activities before [...]
Answer
deducting interest expense or taxes.

Tags
#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
Operating profit represents the results of the company’s usual business activities before [...]
Answer
?

Tags
#cfa-level-1 #reading-22-financial-statement-analysis-intro
Question
Operating profit represents the results of the company’s usual business activities before [...]
Answer
deducting interest expense or taxes.
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Operating profit represents the results of the company’s usual business activities before deducting interest expense or taxes.

Original toplevel document

Statement of comprehensive income
r 2009 was €105,187 million. Subtracting cost of sales from revenue gives gross profit of €13,579 million. After subtracting operating costs and expenses and adding other operating income, the company’s operating profit totals €1,855 million. <span>Operating profit represents the results of the company’s usual business activities before deducting interest expense or taxes. Operating profit (also called operating income) is thus often referred to as earnings before interest and taxes (EBIT). Next, operating profit is increased by Volkswagen’s share of the

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