Assuming Net Sales Is $180,000, Cost of Goods Sold Is

question 38

Multiple Choice

Assuming Net Sales is $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, General Expenses are $22,800, and Interest Expense is $2,000, then Income from Operations is

• A) $27,700.
• B) $49,700.
• C) $101,000.
• D) $95,300.
• E) $72,500.

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