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Assume that sales are $450,000, operating expenses are $85,000, and cost of goods sold is...

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Question

Accounting

Assume that sales are $450,000, operating expenses are $85,000, and cost of goods sold is $320,000. Gross profit and net income from operations are

$120,000 and $35,000 respectively.

$130,000 and $45,000 respectively.

$120,000 and $355,000 respectively.

$130,000 and $355,000 respectively.

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