Below are the income statements of two competitive companies,Green Company and Black Company,for 2016.
Required: Based on the above statements,determine:
1)The gross margin percentage for each company
2)The net income percentage for each company
3)Which company is selling their products for lower prices (at a lower markup)?

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The Answer of Below are the income statements of two competitive companies,Green Company and Black Company,for 2016.
Required: Based on the above statements,determine:
1)The gross margin percentage for each company
2)The net income percentage for each company
3)Which company is selling their products for lower prices (at a lower markup)?

Below Are the Income Statements of Two Competitive Companies,Green Company