Multiple Choice
A company has net sales of $825,000 and cost of goods sold of $547,000. Its net income is $98,500. The company's gross margin and operating expenses, respectively, are:
A) $179,500 and $98,500
B) $645,500 and $179,500
C) $209,000 and $191,470
D) $278,000 and $98,500
E) $278,000 and $179,500
Correct Answer:
Verified
Correct Answer:
Verified
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