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The Willie Company has provided the following information: Operating expenses were $365,000; Income from operations was $250,000; Net sales were $1,500,000; Interest expense was $77,000;
The Willie Company has provided the following information: |
Operating expenses were $365,000; |
Income from operations was $250,000; |
Net sales were $1,500,000; |
Interest expense was $77,000; |
Discontinued operations loss net of tax was $85,000; |
Income tax expense was $51,900. |
What was Willie's gross profit? |
$885,000 | |
$785,800 | |
$666,900 | |
$615,000 |
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