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The Callie Company has provided the following information: Operating expenses were $237,000; Cost of goods sold was $364,000; Net sales were $870,000; Interest expense was
The Callie Company has provided the following information: Operating expenses were $237,000; Cost of goods sold was $364,000; Net sales were $870,000; Interest expense was $40,000; Gain on sale of a building was $77,000; Income tax expense was $122,400; What was Callie's gross profit? A) 269,000 B) 142,000 C) 179,000 D) 506,000
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