BIV A. A. EEEEE 19. A corporation began the year with retained earnings of $3,500,000, earned net income of $700,000 and reported ending retained earnings of $3,900,000. Dividends for the year were: A. $ 700,000 B. $ 400,000 C. $ 300,000 I D. $ - 0 - 20. Which of the following is NOT a true statement about gross margin: A. It is a valuable metric in evaluating product profitability B. It is calculated as Revenue less Cost of Goods Sold C. Selling and Marketing expenses are considered in its calculation D. It is also referred to as Gross Profit