During 2022, Parker Enterprises generated revenues of $90,000.The company's expenses were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a loss on the sale of equipment of $3,000. Parker's gross profit is

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Gross profit is calculated as revenues minus the cost of goods sold. For Parker Enterprises, this is $90,000 (revenues) - $45,000 (cost of goods sold) = $45,000. Operating expenses and losses on the sale of equipment are not considered in calculating gross profit.

During 2022, Parker Enterprises Generated Revenues of $90,000