The Willie Company has provided the following information: • Operating expense

Question

The Willie Company has provided the following information: • Operating expenses were $430,000; • Income from operations was $240,000; • Net sales were $1,400,000; • Interest expense was $90,000; • Discontinued operations loss net of tax was $98,000; • Income tax expense was $60,000. What was Willie's gross profit? $608,000 $730,000 $670,000 $730,000

$608,000 $730,000 $670,000 $730,000

The Willie Company has provided the following information: • Operating expenses were $430,000; • Income from operations was $240,000; • Net sales were $1,400,000; • Interest expense was $90,000; • Discontinued operations loss net of tax was $98,000; • Income tax expense was $60,000. What was Willie's gross profit?

Explanation / Answer

ANSWE

$670,000

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