Apex Company reports: Depreciation 50 COGS 700 Sales 1,000 SG&A 100 Its peer group has a gross profit margin of 25%. How does Apex compare to its peers? Apex 15% gross profit margin is inferior to its peer group Apex 20% gross profit margin is inferior to its peer group Apex 30% gross profit margin is superior to its peer group Apex 25% gross profit margin is the same as its peer group--no better or worse