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Your firm has the following income statement items; sales of 50,250,000; income tax of 1,744,000.00; operating expenses of 10,115,000; cost of goods sold of 35,025000 and interest expense of 750,000. What is the amount of the firm's gross profit.

1. 18,000,000

2. 15,225,000

3. 5,000,110

4. 6,632,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9395523

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