Multiple Choice
At Lexi Corp., sales revenue is $20 million, the cost of goods sold is $14 million, operating expenses are $3 million, and income taxes are $1 million. What are retained earnings?
A) $6 million
B) $17 million
C) $3 million
D) $2 million
E) It is not possible to tell with the information provided.
Correct Answer:
Verified
Correct Answer:
Verified
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