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

Question 77

Multiple Choice

Given the information below,what is the gross profit?  Sales revenue $320,000 Accounts receivable 50,000 Ending inventory 100,000 Cost of goods sold 250,000 Sales Returns 20,000\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}


A) $250,000.
B) $70,000.
C) $220,000.
D) $50,000.

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