Walmart takes its net sales and subtracts the cost of goods sold during the previous period. The result is Walmart's
A) gross sales.
B) net income.
C) gross profit.
D) net margin.
E) net purchases.

Name: Walmart takes its net sales and subtracts the cost of goods sold during the previous period. The result is Walmart's A) gross sales. B) net income. C) gross profit. D) net margin. E) net purchases.
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Question

Quizplus · Accepted Answer

The result of subtracting the cost of goods sold from net sales is Walmart's gross profit.

Walmart Takes Its Net Sales and Subtracts the Cost of Goods