A company had expenses other than cost of goods sold of $51,000.Determine sales and gross profit given cost of goods sold was $25,000 and net income was $60,000.
A) Sales: $136,000; Gross Profit: $111,000
B) Sales: $136,000; Gross Profit: $85,000
C) Sales: $85,000; Gross Profit: $136,000
D) Sales: $111,000; Gross Profit: $136,000
E) Sales: $60,000; Gross Profit: $25,000
Correct Answer:
Verified
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