Calculate C Co's gross profit ratio for 2012 and 2011 respectively.
A)30.3% and 29.6%
B)69.7% and 70.4%
C)20.1% and 26.4%
D)40.6% and 45.7%

Name: Calculate C Co's gross profit ratio for 2012 and 2011 respectively. A)30.3% and 29.6% B)69.7% and 70.4% C)20.1% and 26.4% D)40.6% and 45.7%
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

The gross profit ratio is calculated by dividing gross profit by sales. The given percentages suggest that C Co's gross profit ratio was higher in 2011 than in 2012, which aligns with choice B.

Calculate C Co's Gross Profit Ratio for 2012 and 2011