The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $215,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Discontinued operations loss was $87,000;
Income tax expense was $58,000.
What was Willie's gross profit?
A) $540,000.
B) $469,000.
C)$618,000.
D)$560,000.

Question

Quizplus · Accepted Answer

The Answer of The Willie Company has provided the following information: Operating expenses were $345,000;
Income from operations was $215,000;
Net sales were $1,100,000;
Interest expense was $71,000;
Discontinued operations loss was $87,000;
Income tax expense was $58,000.
What was Willie's gross profit?
A) $540,000.
B) $469,000.
C)$618,000.
D)$560,000.

The Willie Company Has Provided the Following Information: Operating Expenses