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Analyze the income statement for ABC Corporation, which produces multiple products. Utilize the following data: Product Revenue ($) Cost of Goods Sold ($) Operating Expenses
Analyze the income statement for ABC Corporation, which produces multiple products. Utilize the following data:
Product Revenue ($) Cost of Goods Sold ($) Operating Expenses ($) Product A $100,000 $60,000 $20,000 Product B $150,000 $80,000 $30,000 Product C $80,000 $40,000 $15,000 Requirements:
- Calculate the gross profit and operating income for each product.
- Present the analysis in a detailed table format.
- Discuss the profitability of each product and its contribution to the overall performance of the company.
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