-Refer to Table 4 -2. The Gross Profit Margin ratio for 2008 was approximately
A) 2.04.
B) 2.11.
C) 0.49.
D) 0.47.

Question

-Refer to Table 4 -2. The Gross Profit Margin ratio for 2008 was approximately
A) 2.04. 
B) 2.11. 
C) 0.49. 
D) 0.47.

Quizplus · Accepted Answer

The Gross Profit Margin ratio is calculated as (Gross Profit / Sales). Without the specific numbers from Table 4-2, the correct answer can't be determined from the provided options. However, typical Gross Profit Margin ratios are expressed as a decimal (representing the portion of each dollar of revenue that is gross profit), so options A and B are implausibly high for a Gross Profit Margin ratio, making C the most plausible choice given typical financial ratio values.