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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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5 votes
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

User Archil Kublashvili
by
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1 Answer

2 votes

Answer:

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.

User Ludonope
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