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Consider the following information: Interest expense: $12,000 Cost of goods sold: $200,000 Depreciation expense: $8,000 Income taxes: $97,200 Sales: $525,000 General and administrative expense: $62,000
Consider the following information: Interest expense: $12,000 Cost of goods sold: $200,000 Depreciation expense: $8,000 Income taxes: $97,200 Sales: $525,000 General and administrative expense: $62,000 Find the gross profit O A. $150,000 O B. $325,000 O C. $438,000 O D. $512,000 O E. None of the above
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