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What gross profit and net income from operations are

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Problem 1: Assume that sales are $450,000, operating expenses are $85,000, and cost of goods sold is $320,000. Gross profit and net income from operations are

a. $130,000 and $45,000 respectively.
b. $120,000 and $355,000 respectively.
c. $130,000 and $355,000 respectively.
d. $120,000 and $35,000 respectively.

Reference no: EM132808348

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