Based on the information contained in Table 3, what is Invocare's gross profit margin in 2017?

Question

Quizplus · Accepted Answer

To calculate the gross profit margin, we need to divide the gross profit by revenue and multiply by 100 to get a percentage. Using the data from table 3, the gross profit in 2017 is $235,825,000 and the revenue is $792,066,000. Therefore, the gross profit margin is (235,825,000/792,066,000) x 100 = 29.7%. Hence, the correct answer is C.

Based on the Information Contained in Table 3, What Is