Multiple Choice
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.
Correct Answer:

Verified
Correct Answer:
Verified
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