Financial information is presented below: $$\begin{array} { l r }
\text { Operating expenses } & \$ 45,000 \
\text { Sales returns and allowances } & 14,000 \
\text { Sales discounts } & 6,000 \
\text { Sales revenue } & 160,000 \
\text { Cost of goods sold } & 90,000
\end{array}$$ Gross profit would be
A) $90,000.
B) $70,000.
C) $60,000.
D) $66,000.

Question

Financial information is presented below: $$\begin{array} { l r } 
\text { Operating expenses } & \$ 45,000 \
\text { Sales returns and allowances } & 14,000 \
\text { Sales discounts } & 6,000 \
\text { Sales revenue } & 160,000 \
\text { Cost of goods sold } & 90,000
\end{array}$$ Gross profit would be
A) $90,000.
B) $70,000.
C) $60,000.
D) $66,000.

Quizplus · Accepted Answer

The Answer of Financial information is presented below: $$\begin{array} { l r } 
\text { Operating expenses } & \$ 45,000 \
\text { Sales returns and allowances } & 14,000 \
\text { Sales discounts } & 6,000 \
\text { Sales revenue } & 160,000 \
\text { Cost of goods sold } & 90,000
\end{array}$$ Gross profit would be
A) $90,000.
B) $70,000.
C) $60,000.
D) $66,000.

Financial Information Is Presented Below Gross Profit Would Be A) $90,000

Financial Information Is Presented Below Gross Profit Would Be
A) $90,000