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Income Statement Breakdown: Item Amount Sales Revenue $1,500,000 Cost of Goods Sold $600,000 Gross Profit $900,000 Operating Expenses $300,000 Net Income $600,000 Analyze the income

Income Statement Breakdown:

ItemAmount
Sales Revenue$1,500,000
Cost of Goods Sold$600,000
Gross Profit$900,000
Operating Expenses$300,000
Net Income$600,000
Analyze the income statement and discuss the company's operating efficiency.                  

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