Below are the income statements of two competitive companies, Green Company and Black Company, for 2013. 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)?

Question

Below are the income statements of two competitive companies, Green Company and Black Company, for 2013.  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)?

Quizplus · Accepted Answer

The Answer of Below are the income statements of two competitive companies, Green Company and Black Company, for 2013.  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