| The Willie Company has provided the following information: |
| Af?cAc‚¬A??c Operating expenses were $430,000; |
| Af?cAc‚¬A??c Income from operations was $240,000; |
| Af?cAc‚¬A??c Net sales were $1,400,000; |
| Af?cAc‚¬A??c Interest expense was $90,000; |
| Af?cAc‚¬A??c Discontinued operations loss net of tax was $98,000; |
| Af?cAc‚¬A??c Income tax expense was $60,000. |
| What was Willie’s gross profit? |
| $608,000 | |
| $730,000 | |
| $670,000 | |
| $730,000 |