During the year, net sales were $750,000; gross profit was $300,000; net income was $120,000; income tax expense was $30,000; and selling, general, and administrative expenses were $132,000.
Required:
Calculate cost of goods sold, income from operations, income before taxes, and interest expense.

Question

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The Answer of During the year, net sales were $750,000; gross profit was $300,000; net income was $120,000; income tax expense was $30,000; and selling, general, and administrative expenses were $132,000.
Required:
Calculate cost of goods sold, income from operations, income before taxes, and interest expense.

During the Year, Net Sales Were $750,000; Gross Profit Was