3. What is the gross profit margin for the company over the years 2020 and 2019 respectively?* O A) 27.4%; 31.1% B) 3%, 4.5% O C) 1.7%; 2.6% D) 1.9%; 3.4%

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
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BFIN360 A2 Fall 2021-2022
s/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1
3. What is the gross profit margin for the company over the years 2020 and 2019
respectively? *
A) 27.4%; 31.1%
B) 3%, 4.5%
O C) 1.7%; 2.6%
O D) 1.9%; 3.4%
O E) None of the above
1According to your answer in the previous question (3), the gross profit margin
Transcribed Image Text:BFIN360 A2 Fall 2021-2022 s/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 3. What is the gross profit margin for the company over the years 2020 and 2019 respectively? * A) 27.4%; 31.1% B) 3%, 4.5% O C) 1.7%; 2.6% O D) 1.9%; 3.4% O E) None of the above 1According to your answer in the previous question (3), the gross profit margin
Income Statement: The income statement of Fairoz store Inc. is given for the
years 2020 & 2019.
2020
2019
General and administrative expenses
21,600
24,000
Interest expense
1,500
1,500
Net sales
$136.400
$138,000
Selling Expense
11.660
12,720
Income taxes
$1.023.0
5.230
COGS
99.000
95,000
770
450
Gain on Sale of land
2020 and
Transcribed Image Text:Income Statement: The income statement of Fairoz store Inc. is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136.400 $138,000 Selling Expense 11.660 12,720 Income taxes $1.023.0 5.230 COGS 99.000 95,000 770 450 Gain on Sale of land 2020 and
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