12:224 docs.google.com 16) Wholesalers * 1 point Buy products from manufacturers and sell to consumers Buy products from other wholesalers and sell to consumers Buy products from retailers and sell to consumers Buy products from manufacturers and sell to retailer All of the above 17) Gross profit is * 1 point The same as profit Subtracted from operating income to get profit Only calculated when using the perpetual inventory system O A special general ledger account PO Net sales less cost of goods sold