Rogue Industries reported the following items for the current year: S

Rogue Industries reported the following items for the current year:

Sales = $3,000,000; Cost of
Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000;
Interest Expense = $30,000; Marketing Expenses = $80,000; and Taxes = $300,000. Rogue’s gross
profit is equal to
A) $1,500,000. B) $1,070,000. C) $1,100,000. D) $770,000.

ANSWER

A