gross profit will always be ______ net income.\na. equal to\nb. less than\nc. greater than\nd. unrelated to
gross profit will always be ______ net income.\na. equal to\nb. less than\nc. greater than\nd. unrelated to
Answer
Brief Explanations:
Gross profit is revenue minus cost of goods sold. Net income is gross profit minus all other expenses (operating expenses, taxes etc.). So gross profit is always greater than net income as more deductions are made to get net income.
Answer:
c. greater than