Multiple Choice
A company has net sales of $752,000 and cost of goods sold of $543,000. Its net income is $17,530. The company's gross margin and operating expenses, respectively, are:
A) $227,000 and $525,470
B) $209,000 and $191,470
C) $191,470 and $209,000
D) $525,470 and $227,000
E) $734,000 and $191,470
Correct Answer:
Verified
Correct Answer:
Verified
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