The largest expense on a retailer's income statement is typically:

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Cost of goods sold is typically the largest expense on a retailer's income statement, as it represents the cost of the products that the retailer sells to customers. Salaries and depreciation expenses may also be significant expenses, depending on the size and scope of the retailer's operations, but they are generally smaller than the cost of goods sold. Income tax expense will depend on the retailer's profitability and tax rate, but it is typically not as large an expense as the cost of goods sold.

The Largest Expense on a Retailer's Income Statement Is Typically