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Author Question: Readers Unlimited sells books. The following information summarizes the company's operating expenses ... (Read 100 times)

TVarnum

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Readers Unlimited sells books. The following information summarizes the company's operating expenses for the year:

Purchases$90,000
Operating expenses$53,000
Beginning merchandise inventory$12,000
Ending merchandise inventory$15,000
Sales revenue$172,000


What is gross profit at Readers Unlimited?
◦ $119,000
◦ $82,000
◦ $85,000
◦ $32,000


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Marked as best answer by TVarnum on Jan 4, 2020

Loise Hard

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TVarnum

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Reply 2 on: Jan 4, 2020
Thanks for the timely response, appreciate it


juliaf

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Reply 3 on: Yesterday
:D TYSM

 

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