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Income Statement Analysis: Item Amount Sales Revenue $2,000,000 Cost of Goods Sold $800,000 Gross Profit $1,200,000 Operating Expenses $500,000 Net Income $700,000 Analyze the income
Income Statement Analysis:
Item | Amount |
---|---|
Sales Revenue | $2,000,000 |
Cost of Goods Sold | $800,000 |
Gross Profit | $1,200,000 |
Operating Expenses | $500,000 |
Net Income | $700,000 |
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