gross profit will always be ______ net income.\na. equal to\nb. less than\nc. greater than\nd. unrelated…
gross profit will always be ______ net income.\na. equal to\nb. less than\nc. greater than\nd. unrelated to\nplease select the best answer from the choices provided\no a\no b\no c\no d
Answer
Brief Explanations:
Gross profit is revenue minus cost of goods sold. Net income is gross profit minus all other expenses like operating, interest, and taxes. So, gross profit is always greater than net income as more deductions are made to get net income.
Answer:
C. greater than