The Willie Company Has Provided the Following Information: Operating Expenses

question 91

Multiple Choice

The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $215,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Discontinued operations loss was $87,000;
Income tax expense was $58,000.
What was Willie's gross profit?

• A) $540,000.
• B) $469,000.
• C)$618,000.
• D)$560,000.

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Definitions:

Clasts

Fragments or grains of minerals or rocks embedded within another rock, formed through various geological processes.

Cooling History

The record of how a geological material, such as rock or magma, cooled over time, which can reveal its thermal evolution and formation processes.

River Terrace

A flat, bench-like structure adjacent to a river, formed either through the river eroding sediment deposits or changes in sea level.

Modern River Channel

The contemporary course taken by a river as it flows to the sea, often shaped by natural and human factors.