Net sales - cost of goods sold = ________.
A) working capital
B) current asset
C) gross profit
D) net profit
E) current liability

Question

Quizplus · Accepted Answer

A)Gross profit is the amount remaining when the cost of goods sold is deducted from net sales. It is also known as gross margin.
B)Gross profit is the amount remaining when the cost of goods sold is deducted from net sales. It is also known as gross margin.
C)Gross profit is the amount remaining when the cost of goods sold is deducted from net sales. It is also known as gross margin.
D)Gross profit is the amount remaining when the cost of goods sold is deducted from net sales. It is also known as gross margin.
E)Gross profit is the amount remaining when the cost of goods sold is deducted from net sales. It is also known as gross margin.

Net Sales - Cost of Goods Sold = ________