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Agassi Company Is a Wholesale Electronics Distributor

Question 102

Multiple Choice

Agassi Company is a wholesale electronics distributor. On December 31, 2012, it prepared the following partial income statement: Agassi Company is a wholesale electronics distributor. On December 31, 2012, it prepared the following partial income statement: Given this information, if the ending inventory balance was $210,000, what would be its gross margin? A) $290,000 B) $300,000 C) $310,000 D) $210,000 Given this information, if the ending inventory balance was $210,000, what would be its gross margin?


A) $290,000
B) $300,000
C) $310,000
D) $210,000

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