marked out of 1.UU P Flag question Assuming that Merchandise business use multiple step income statement. Which of the following will be correct result of Income from operation by the business? O a. Gross Margin will be divided by Total Operating expenses b. Total operating expenses will be deducted from Gross Margin O c. Gross Margin will be multiplied by Total Operating expenses O d. Operating expenses will be deducted from net sales Clear my choice Question 3 Not yet answered