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In 2017, Matt Cruz Company had net sales of $977,700 and cost of goods sold of $571,900. Operating expenses were $223,900, and interest expense was
In 2017, Matt Cruz Company had net sales of $977,700 and cost of goods sold of $571,900. Operating expenses were $223,900, and interest expense was $13,300. Cruz prepares a multiple-step income statement.
Calculate Gross profit
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