11. Amina has a jewellery business in a well-established shop. Her most recent income statement shows the following key figures: This year Last year Sales 600,000 500,000 Cost of goods sold 350,000 300,000 Gross profit 250,000 200,000 A recent survey by the trade association shows that average sales in the sector increased by 17.3% from a year earlier and the average gross profit margin of firms in the sector was 38.3%. Which one of the following is TRUE? (A). Amina has a higher than average increase in sales, and a lower than average gross profit margin. (B). Amina has a lower than average increase in sales, and a higher than average gross profit margin. (C). Amina has a higher than average increase in sales and a higher than average gross profit margin. (D). Amina has a lower than average increase in sales, and a lower than average gross profit margin.
11. Amina has a jewellery business in a well-established shop. Her most recent income statement shows the following key figures: This year Last year Sales 600,000 500,000 Cost of goods sold 350,000 300,000 Gross profit 250,000 200,000 A recent survey by the trade association shows that average sales in the sector increased by 17.3% from a year earlier and the average gross profit margin of firms in the sector was 38.3%. Which one of the following is TRUE? (A). Amina has a higher than average increase in sales, and a lower than average gross profit margin. (B). Amina has a lower than average increase in sales, and a higher than average gross profit margin. (C). Amina has a higher than average increase in sales and a higher than average gross profit margin. (D). Amina has a lower than average increase in sales, and a lower than average gross profit margin.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
11. Amina has a jewellery business in a well-established shop. Her most recent income statement shows the following key figures:
|
|
This year |
Last year |
|
Sales |
600,000 |
500,000 |
|
Cost of goods sold |
350,000 |
300,000 |
|
Gross profit |
250,000 |
200,000 |
A recent survey by the trade association shows that average sales in the sector increased by 17.3% from a year earlier and the average gross profit margin of firms in the sector was 38.3%.
Which one of the following is TRUE?
|
(A). Amina has a higher than average increase in sales, and a lower than average gross profit margin. |
||
| (B). Amina has a lower than average increase in sales, and a higher than average gross profit margin. |
|
|
| (C). Amina has a higher than average increase in sales and a higher than average gross profit margin. |
|
|
| (D). Amina has a lower than average increase in sales, and a lower than average gross profit margin. |
|
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