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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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mltn1980

Answer:

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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