Is there a Net Loss or Net Profit? Also what is the gross profit


Question Description:

24.99

Is there a Net Loss or Net Profit? Also what is the gross profit percentage? Accounts Payable$10,000 Accounts Receivable11,000 Advertising Expense12,000 Cost of Goods Sold89,000 Delivery Expense6,000 Insurance Expense1,000 Interest Expense2,000 Merchandise Inventory20,000 Rent Expense12,000 Sales160,000 Sales Discounts11,000 Sales Returns and Allowances19,000 Unearned Revenue2,000

Answer

24.99