The gross profit percentage for Smith Clothing Retailer was 37.7% for the year ended December 31,2016 and 42.5% for the year ended December 31,2017.The industry average gross profit percentage,for both years,is 45.7%.Briefly discuss these findings.

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The Answer of The gross profit percentage for Smith Clothing Retailer was 37.7% for the year ended December 31,2016 and 42.5% for the year ended December 31,2017.The industry average gross profit percentage,for both years,is 45.7%.Briefly discuss these findings.

The Gross Profit Percentage for Smith Clothing Retailer Was 37