Gross profit does not appear

A) on a multiple-step income statement.
B) on a single-step income statement.
C) to be relevant in analyzing the operation of a merchandiser.
D) on the income statement if the periodic inventory system is used because it cannot be calculated.

Gross profit is only calculated on a multiple-step income statement, which separates operating revenues and expenses from non-operating gains and losses. On a single-step income statement, all revenues and expenses are simply listed together, making it impossible to calculate gross profit.