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The Willie Company Has Provided the Following Information

Question 101

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 cost of gross profit?


A) $540,000
B) $469,000
C) $618,000
D) $560,000

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