A business reports the following financial information for the fiscal year: Sales revenue: $3,750,000 Cost of goods sold: $2,250,000 Operating expenses: $450,000 Interest expense: $75,000 What is the gross margin? a. $1,500,000 b. $1,050,000 c. $975,000 d. $3,300,000

A business reports the following financial information for the fiscal year: Sales revenue: $3,750,000 Cost of goods sold: $2,250,000 Operating expenses: $450,000 Interest expense: $75,000 What is the gross margin? a. $1,500,000 b. $1,050,000 c. $975,000 d. $3,300,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Need help with this question solution general accounting

A business reports the following financial information for the fiscal year:
Sales revenue: $3,750,000 Cost of goods sold: $2,250,000 Operating
expenses: $450,000 Interest expense: $75,000
What is the gross margin?
a. $1,500,000
b. $1,050,000
c. $975,000
d. $3,300,000

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