The company's gross profit and operating expenses, respectively, are $287,000 and $185,200.
Given,
Company's net sales - $852,000
Cost of goods sold - $565,000
Net income - $101,800
Gross profit - ?
Operating expense - ?
The company's gross profit and operating expenses can be calculated as follows-
Gross Margin = Net Sales − Cost of Goods Sold
$852,000 − $565,000 = $287,000
Thus, gross profit is $287,000
Operating Expenses = Gross Margin − Net Income
$287,000 − $101,800 = $185,200
Thus, operating expenses are $185,200
Gross profit is the profit which a business makes after subtracting all the costs which are related to selling and manufacturing its products or services. Whereas, an operating expense is an expense which a business incurs through its normal business operations.
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