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1 July, 01:06

Financial information is presented below:

Operating expenses $ 32000

Sales returns and allowances 6000

Sales discounts 5000

Sales revenue 190000

Cost of goods sold 93000

Gross profit would be

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  1. 1 July, 01:40
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    Gross profit would be $86.000

    Explanation:

    Gross Margin income statement

    Sales $ 190.000

    Sales Discount - $ 5.000

    Sales Return & Allowances - $ 6.000

    Cost of Goods - $ 93.000

    Gross Profit $ 86.000

    Gross Profit does not take operating expenses into account.
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