Home We want your input! Click here to submit your course evaluation Question 20 Not yet answered Marked out of 1.00 Flag question Gross profit is Select one: A. The same as profit B. Net sales less cost of goods sold C. Subtracted from operating income to get profit D. Only calculated when using the perpetual inventory system E. A special general ledger account Previous page in class solution Home We want your input! Click here to submit your course evaluation Question 20 Not yet answered Marked out of 1.00 Flag question Gross profit is Select one: A. The same as profit B. Net sales less cost of goods sold C. Subtracted from operating income to get profit D. Only calculated when using the perpetual inventory system E. A special general ledger account Previous page in class solution