A Company Has Net Sales of $752,000 and Cost of Goods

question 105

Multiple Choice

A company has net sales of $752,000 and cost of goods sold of $543,000.Its net income is $17,530.The company's gross margin and operating expenses,respectively,are:

• A)$209,000 and $191,470
• B)$191,470 and $209,000
• C)$525,470 and $227,000
• D)$227,000 and $525,470
• E)$734,000 and $191,470

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