Given the Information Below,what Is the Gross Profit A)$250,000

question 10

Multiple Choice

Given the information below,what is the 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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Definitions:

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