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Given the following assumptions, calculate operating profit: Total revenue = $23,585, gross margin percentage = 76%, operating expenses = $12,000, interest expense $300, income tax

Given the following assumptions, calculate operating profit: Total revenue = $23,585, gross margin percentage = 76%, operating expenses = $12,000, interest expense $300, income tax rate = 30%

$5925

$1696

$17904

none of these

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