Question: During 2 0 2 0 , Swifty C o . generated revenues o f $ 9 5 0 0 0 . The company's expenses were

During 2020, Swifty Co. generated revenues of $95000. The company's expenses were as follows: cost of goods sold of $47000,
operating expenses of $21000 and a loss on the sale of equipment of $2700.
Swifty's gross profit is
$27000.
$48000
$24300
$
$
During 2 0 2 0 , Swifty C o . generated revenues

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