Given the Information Below, What Is the Company's Gross Profit

question 93

Multiple Choice

Given the information below, what is the company's gross profit? $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 320,000 \\\hline \text { Accounts Receivable } & \$ 50,000 \\\hline \text { Ending Inventory } & \$ 100,000 \\\hline \text { Cost of Goods Sold } & \$ 250,000 \\\hline \text { Sales Returns } & \$ 20,000 \\\hline\end{array}$$

• A) $250,000.
• B) $70,000.
• C) $220,000.
• D) $50,000.

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