At Lexi Corp., sales revenue is $20 million, the cost of goods sold is $14 million, operating expenses are $3 million, and income taxes are $1 million. What is the company's gross profit?
$6 million
$17 million
$16 million
$2 million
None of these

Question

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The Answer of At Lexi Corp., sales revenue is $20 million, the cost of goods sold is $14 million, operating expenses are $3 million, and income taxes are $1 million. What is the company's gross profit?
$6 million
$17 million
$16 million
$2 million
None of these