A retailer with annual sales of $10 million and selling expenses of $2.5 million has an efficiency rating of 25 percent.

Question

Quizplus · Accepted Answer

Efficiency rating is calculated by dividing the gross margin by the total sales. The question does not provide information on the gross margin, so we cannot accurately calculate the efficiency rating. Therefore, it cannot be determined whether the statement is true or false.

A Retailer with Annual Sales of $10 Million and Selling