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During 2015, Parker Enterprises generated revenues of $90,000. The company's expense were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and

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During 2015, Parker Enterprises generated revenues of $90,000. The company's expense were as follows: cost of goods sold of $45,000, operating expenses of $18,000 and a toss o the sale of equipment of $3,000. Parker's gross profit is a. $24,000. b. $27,000. c. $45,000. d. $90,000. Parker's income from operations is a. $18,000. b. $27,000. c. $45,000. d. $90,000. Parker's net income is a. $24,000. b. $27,000. c. $45,000. d. $90,000

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