Question: During the current year, merchandise is sold for $ 7 3 2 , 0 0 0 . The cost of the goods sold is $

During the current year, merchandise is sold for $732,000. The cost of the goods sold is $512,400.
a. What is the amount of the gross profit?
$fill in the blank1
b. Compute the gross profit percentage (gross profit divided by sales).
fill in the blank 2
%
c. Will the income statement always report a operating income?
During the current year, merchandise is sold for $732,000. The cost

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