Financial Information Is Presented Below Gross Profit Would Be
A)$61,000

Financial information is presented below: $$\begin{array} { l r } \text { Operating expenses } & \$ 45,000 \\\text { Sales returns and allowances } & 3,000 \\\text { Sales discounts } & 7,000 \\\text { Sales revenue } & 160,000 \\\text { Cost of goods sold } & 96,000\end{array}$$ Gross profit would be

A) $61,000.
B) $64,000.
C) $54,000.
D) $67,000.

Correct Answer:

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