For the following questions, circle the best respones.
Bublitz Company had net sales of $700,000 for fiscal 2010, cost of goods sold of $413,000, and interest expense amounting to $112,000. What would be the estimated gross profit for 2011 if sales were $800,000 as Bruce predicts or if sales were $1,100,000 as Rita predicts?
a. $200,000 or $275,000, respectively.
b. $275,000 or $575,000, respectively.
c. $328,000 or $451,000, respectively.
d. $387,000 or $687,000, respectively.
e. $472,000 or $649,000, respectively.
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