Suppose a company reports the following information at December 31, 2019:
Sales$15,000,000
Cash$  3,000,000
Unearned Revenue$     400,000
Dividends$  1,000,000
Cost of Sales$  8,500,000
What is the company's Gross Profit?

A. $  6,100,000
B. $  5,500,000
C. $  6,500,000
D. $12,000,000


Answer: C

Business

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