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Irina18 [472]
3 years ago
6

If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,

016
million euros, what was its gross profit? (Enter your answer in millions of euros.)

Gross Profit

million euros
Business
1 answer:
VashaNatasha [74]3 years ago
3 0

Answer:

39,577 million euros

Explanation:

Calculation to determine the what was its gross profit

Using this formula

Gross profit=Net income+Operating expenses

Let plug in the formula

Gross profit=23,561 million +16,016 million

Gross profit=39,577 million euros

Therefore gross profit will be 39,577 million euros

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On January 1, 2018, Crane Corp. changed its inventory method to FIFO from LIFO for both financial and income tax reporting purpo
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Explanation:

Data provided in the question

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Opening inventory   $1,030,000

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Difference between honors and regular classes
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Given that Jacob's Chocolates Company had beginning retained earnings of $4,000; net income during the period of $10,000; and di
natta225 [31]

Answer:

C. $13,700

Explanation:

Given that;

Beginning retained earnings = $4,000

Net income during the period = $10,000

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Computation of Ending balance in the retained earnings account

= Beginning retained earnings + Net income during the period - Dividends

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Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
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Answer:

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