Financial information is presented below: Operating expenses $ 24000 Sales returns and allowances 7000 Sales discounts...

Question

Question

Financial information is presented below: Operating expenses $ 24000

Sales returns and allowances 7000

Sales discounts 5000

Sales revenue 180000

Cost of goods sold 88000

Gross profit would be?

Answer 1

Answer #1

180000 7000 5000 SalesRevenue Sales returns and allowances Sales discounts Net Sales Less: Cost of goods sold Gross profit 12

Answer 2

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