The Run and Bun Co$.$ is a merchandiser. It will earn an operating income of exactly

$$0$ when

gross profit equals operating expenses

cost of goods sold equals gross margin

net sales equals cost of goods sold.

operating expenses equal net sales

The Run and Bun Co$.$ is a merchandiser. It will earn an operating income of exactly

$$0$ when

gross profit equals operating expenses

cost of goods sold equals gross margin

net sales equals cost of goods sold.

operating expenses equal net sales

The Run and Bun Co$.$ is a merchandiser. It will earn an operating income of exactly

$$0$ when

gross profit equals operating expenses

cost of goods sold equals gross margin

net sales equals cost of goods sold.

operating expenses equal net sales