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Income Statement Interpretation: Item Amount Sales Revenue $6,000,000 Cost of Goods Sold $2,500,000 Gross Profit $3,500,000 Operating Expenses $1,200,000 Net Income $2,300,000 Analyze the income

Income Statement Interpretation:

ItemAmount
Sales Revenue$6,000,000
Cost of Goods Sold$2,500,000
Gross Profit$3,500,000
Operating Expenses$1,200,000
Net Income$2,300,000
Analyze the income statement and discuss the company's operational efficiency.                  

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