Towpath Tennis & Recreation's Operating Activities for the Year Are

question 129

Multiple Choice

Towpath Tennis & Recreation's operating activities for the year are listed below. $$\begin{array} { | l | r | } \hline \text { Purcheses } & \$ 150,000 \\\hline \text { Operating expenses } & 62,000 \\\hline \text { Bepinging inventory } & 27,000 \\\hline \text { Ending inventory } & 32,000 \\\hline \text { Sales revenue } & 302,000 \\\hline\end{array}$$
- What is the gross profit for the year?

• A)$157,000
• B)$152,000
• C)$ 90,000
• D)$302,000

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