A Company Has Net Sales and Cost of Goods Sold

Multiple Choice

A company has net sales and cost of goods sold of $825,000 and $547,000, respectively. Its net income is $98,500. The company's gross margin and total other expenses are ________ and ___________, respectively.

A) $209,000; $191,470
B) $278,000; $179,500
C) $278,000; $98,500
D) $179,500; $98,500
E) $645,500; $179,500