Given the information below,what is the company's gross profit?
$$\begin{array} { | l | r | }
\hline \text { Sales Revenue } & \$ 320,000 \
\hline \text { Accounts Receivable } & \$ 50,000 \
\hline \text { Ending Inventory } & \$ 100,000 \
\hline \text { Cost of Goods Sold } & \$ 250,000 \
\hline \text { Sales Returns } & \$ 20,000 \
\hline
\end{array}$$

Question

Given the information below,what is the company's gross profit?
$$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 320,000 \
\hline \text { Accounts Receivable } & \$ 50,000 \
\hline \text { Ending Inventory } & \$ 100,000 \
\hline \text { Cost of Goods Sold } & \$ 250,000 \
\hline \text { Sales Returns } & \$ 20,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Given the information below,what is the company's gross profit?
$$\begin{array} { | l | r | } 
\hline \text { Sales Revenue } & \$ 320,000 \
\hline \text { Accounts Receivable } & \$ 50,000 \
\hline \text { Ending Inventory } & \$ 100,000 \
\hline \text { Cost of Goods Sold } & \$ 250,000 \
\hline \text { Sales Returns } & \$ 20,000 \
\hline
\end{array}$$

Given the Information Below,what Is the Company's Gross Profit A)$250,000