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Time to test your understanding of income statement Q: A firm reports the following income statement items (in millions). - Sales of $60 - Income
Time to test your understanding of income statement Q: A firm reports the following income statement items (in millions). - Sales of $60 - Income tax of $1.7 - Operating expenses of $10 - Cost of goods sold $34 - Interest expense of $0.75 What is the amount of the firm's gross profit
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