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  3. Study Set
    Principles of Managerial Finance
  4. Exam
    Exam 3: Financial Statements and Ratio Analysis
  5. Question
    Gross Profits Are Defined as
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Gross Profits Are Defined as

Question 60

Question 60

Multiple Choice

Gross profits are defined as


A) operating profits minus depreciation.
B) operating profits minus cost of goods sold.
C) sales revenue minus operating expenses.
D) sales revenue minus cost of goods sold.

Correct Answer:

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