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The Callie Company has provided the following information: Operating expenses were $232,000; Cost of goods sold was $354,000; Net sales were $820,000; Interest expense was
The Callie Company has provided the following information: Operating expenses were $232,000; Cost of goods sold was $354,000; Net sales were $820,000; Interest expense was $35,000; Gain on sale of a building was $72,000; Income tax expense was $108,400. What was Callie's gross profit? Multiple Choice $112.000. $149,000 30 of 50 Multiple Choice $112.000 $149,000. $466,000. $234,000
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