Quick practice
Question 1 of 5
Denali Limited, a manufacturing company, had the following income statement information:
Revenue $4,000,000
Cost of goods sold: $3,000,000
Other operating expenses $500,000
Interest expense $100,000
Tax expense of $120,000
Denali’s gross profit is equal to:
A
280000
B
NA
C
1000000
D
500000
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