Gross Margin Percentage: Company A: $32,000/$80,000 = 40

Gross margin percentage:
Company A: $32,000/$80,000 = 40%
Company B: $45,000/$180,000 = 25%
Company C: $48,000/$120,000 = 40%
Company D: $40,000/$100,000= 40%
The discount retailer would have a lower gross margin percentage.
-Sullivan Company uses the periodic inventory method.The following balances were drawn from the accounts of Sullivan Company prior to the closing process:
The amount of gross margin appearing on the income statement should be:

A) $8,400.
B) $7,200.
C) $15,600.
D) $18,400.