DEF Company has net sales of $180,000, cost of goods sold of $72,000, operating expenses of $45,000, and administrative expenses of $18,000. What is the gross profit? A. $108,000 B. $63,000 C. $45,000 D. $90,000

DEF Company has net sales of $180,000, cost of goods sold of $72,000, operating expenses of $45,000, and administrative expenses of $18,000. What is the gross profit? A. $108,000 B. $63,000 C. $45,000 D. $90,000

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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Question

Do fast answer of this accounting questions

DEF Company has net sales of $180,000, cost of goods sold of $72,000,
operating expenses of $45,000, and administrative expenses of $18,000. What
is the gross profit?
A. $108,000
B. $63,000
C. $45,000
D. $90,000

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