Question: 9. Chicago Steel's operating activities for the year are listed below: Beginning inventory $1,000,000 Ending inventory $350,000 Purchase of products $700,000 Freight in $50,000 Sales

9. Chicago Steel's operating activities for the year are listed below:

Beginning inventory $1,000,000 Ending inventory $350,000 Purchase of products $700,000 Freight in

9. Chicago Steel's operating activities for the year are listed below: Beginning inventory $1,000,000 Ending inventory $350,000 Purchase of products $700,000 Freight in $50,000 Sales revenue $1,500,000 Operating expenses $50,000 How much is the company's gross profit? A. $150,000 B. $50,000 C. $750,000 D. $100,000

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