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Trinity Chocolates had sales of $850,000, cost of goods sold of $550,000, operating expenses of $200,000, interest expense of $20,000, and taxes of $10,000. Based
Trinity Chocolates had sales of $850,000, cost of goods sold of $550,000, operating expenses of $200,000, interest expense of $20,000, and taxes of $10,000. Based on this information, what was Trinity's operating profits?
a.
$100,000
b.
$80,000
c.
$300,000
d.
$70,000
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