A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: $417,000, $695,000, $278,000, $973,00

A company has sales of $695,000 and cost of goods sold of $278,000. It

1.	A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: $417,000, $695,000, $278,000, $973,00
Answer» A company has sales of $695,000 and cost of goods sold of $278,000. Its gross profit equals: Solution: