Crane Corporation began operations in 2025. During the year, the company earned sales revenues of $1686800 with related cost of goods sold of $858600. The company incurred administrative expenses of $514600 and had other expenses and losses of $6000. Income tax expense was $37200 and dividends of $40200 were paid. 

What was the company will report gross profit for 2025?

Answer rating: 100% (QA)

To determine the gross profit for 2025 we need to calculate the diffe... View the full answer