At the end of his first year of trading, a business owner gave the information below. ending inventory $15\,000 cash paid to suppliers $60\,000 amount still owed to suppliers $5\,000 cash received from customers $85\,000 amount still owed by customers $10\,000 Calculate the gross profit for the year.
- A$10\,000
- B$15\,000
- C$25\,000
- D$45\,000