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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:

    ProductRevenue ($)Cost of Goods Sold ($)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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