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The following information relates to ABC company: Sales Revenue 260,000 SR Cost of Goods Sold 160,000 SR Operating Expenses 40,000 SR Sales Discounts 20,000 SR

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The following information relates to ABC company: Sales Revenue 260,000 SR Cost of Goods Sold 160,000 SR Operating Expenses 40,000 SR Sales Discounts 20,000 SR Interest expense 5,000 SR Sales Returns and Allowances 7,000 SR The Gross margin is: Select one: a. 13,000 SR b. 53,000 SR c. 73,000 SR d. 80,000 SR

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