Selected data for Sorenta,Inc.and New World Corp. ,two companies in the same industry,are presented below:
Based on this data,which statement below is true?
A) Sorenta,Inc.has a lower gross profit ratio than New World Corp.
B) New World Corp has a higher net income than Sorenta,Inc.
C) New World Corp sells its inventory faster than Sorenta,Inc.
D) Sorenta,Inc.has lower storage costs and a lower investment in inventory than New World Corp.
Correct Answer:
Verified
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