The current year income statements of two competitors, Green Company and Black Company, are as follows:
Required:1)What is the gross margin percentage for each company?2)What is the net income percentage for each company?3)Which company is selling their products for lower prices (at a lower markup)?

Question

The current year income statements of two competitors, Green Company and Black Company, are as follows:
  Required:1)What is the gross margin percentage for each company?2)What is the net income percentage for each company?3)Which company is selling their products for lower prices (at a lower markup)?

Quizplus · Accepted Answer

The Answer of The current year income statements of two competitors, Green Company and Black Company, are as follows:
  Required:1)What is the gross margin percentage for each company?2)What is the net income percentage for each company?3)Which company is selling their products for lower prices (at a lower markup)?

The Current Year Income Statements of Two Competitors, Green Company