Question
If your store's Operating Income was zero, it means that your: A) operating expenses equal net sales. B) net sales equals cost of goods sold.
If your store's Operating Income was zero, it means that your:
A) operating expenses equal net sales.
B) net sales equals cost of goods sold.
C) cost of goods sold equals gross profit.
D) gross profit equals operating expenses.
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Get StartedRecommended Textbook for
Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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