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A company's income statement for the month of November 20X46 is as follows: Item Amount Sales $2,000,000 Cost of Goods Sold $800,000 Gross Profit ?
A company's income statement for the month of November 20X46 is as follows:
Item | Amount |
---|---|
Sales | $2,000,000 |
Cost of Goods Sold | $800,000 |
Gross Profit | ? |
Operating Expenses | $540,000 |
Depreciation Expense | $90,000 |
Income Tax Expense | $380,000 |
Net Income | ? |
Calculate the missing amounts:
- Gross Profit
- Net Income
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