Question

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

Answer 1

Gross profit would be $86.000

Step-by-step 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.