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The Willie Company has provided the following information: Operating expenses were $355,000; Income from operations was $230,000; Net sales were $1,300,000; Interest expense was $75,000;
The Willie Company has provided the following information:
Operating expenses were $355,000;
Income from operations was $230,000;
Net sales were $1,300,000;
Interest expense was $75,000;
Loss from sale of investments was $83,000;
Income tax expense was $62,000.
What was Willie's gross profit?
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