Question

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

Answer 1

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