Debts that are due to be paid within one year or within the company's operating cycle are called: a. current liabilities. O b. liquid liabilities. c. deferred liabilities. d. quick liabilities. Oe. long-term liabilities. Net sales of Clean Spectacles is $90,000, cost of goods sold is $54,000, selling expenses are $17,000, and general expenses are $12,500. Which of the following is its gross profit? a. 5173,500 Ob. $36,000 O c. $6,500 Od. $19,000 0 . $83,500