-Calculate C Co's gross profit ratio for 20X2 and 20X1 respectively.
A) 30.3% and 29.6%
B) 69.7% and 70.4%
C) 20.1% and 26.4%
D) 40.6% and 45.7%

Name: -Calculate C Co's gross profit ratio for 20X2 and 20X1 respectively. A) 30.3% and 29.6% B) 69.7% and 70.4% C) 20.1% and 26.4% D) 40.6% and 45.7%
Brand: Quizplus
Rating: 4.7 (34 reviews)

Question

-Calculate C Co's gross profit ratio for 20X2 and 20X1 respectively.
A) 30.3% and 29.6% 
B) 69.7% and 70.4% 
C) 20.1% and 26.4% 
D) 40.6% and 45.7%

Quizplus · Accepted Answer

Calculation: $13,796 ÷ $19,805 = 69.7%; $13,251 ÷ $18,813 = 70.4%.

-Calculate C Co's Gross Profit Ratio for 20X2 and 20X1