The only revenue for the Ford Company is Sales. The only expenses are Cost of Goods Sold and Operating Expenses. Gross Margin will be positive if:

Select one:

a.

Sales exceeds Operating Expenses

b.

Sales exceeds Cost of Goods Sold

c.

Cost of Goods Sold exceeds Purchases

d.

Operating Expenses exceeds Cost of Good Sold

e.

Operating Expenses exceeds Sale