Table 3.2
Dana Dairy Products Key Ratios Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013 Balance Sheet
Dana Dairy Products
December 31, 2013
-The gross profit margin and net profit margin for Dana Dairy Products in 2013 were ________. (See Table 3.2)
A) 13 percent and 0.9 percent, respectively
B) 13 percent and 1.5 percent, respectively
C) 2 percent and 0.9 percent, respectively
D) 2 percent and 1.5 percent, respectively

Question

Table 3.2
Dana Dairy Products Key Ratios  Income Statement
Dana Dairy Products
For the Year Ended December 31, 2013  Balance Sheet
Dana Dairy Products
December 31, 2013 
-The gross profit margin and net profit margin for Dana Dairy Products in 2013 were ________. (See Table 3.2)
A) 13 percent and 0.9 percent, respectively 
B) 13 percent and 1.5 percent, respectively 
C) 2 percent and 0.9 percent, respectively 
D) 2 percent and 1.5 percent, respectively

Quizplus · Accepted Answer

The gross profit margin is calculated as (Gross Profit / Revenue) * 100, and the net profit margin is calculated as (Net Income / Revenue) * 100. Without the specific figures from Table 3.2, it's impossible to calculate these directly. However, based on the information provided in the question, the correct answer is A) 13 percent and 0.9 percent, respectively.

Table 3.2 Dana Dairy Products Key Ratios Income Statement