Sales for a firm are $500,000, cost of goods sold are $290,000, operating expenses are $10,000, depreciation is $15,000 and interest expenses are $20,000. What is the gross profit amount? A. $165,000 B. $180,000 C. $185,000 D. $200,000 E. $210,000

The 2017 financial statements Hard Locks, Inc. reported net income equal to $190,000, interest expense was $60,000, taxes were $70,000, and depreciation was $45,000. How much was the firms operating profit if sales were $490,000? A. $365,000 B. $320,000 C. $290,000 D $280,000 E. $255,000