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Case Study 1 ACY ONE Limited (ACY ONE) recorded below: Year 3, $80,000; Year 2, $70,000; Sales Year 1, $60,000 : Year 3, $75,000; Year

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Case Study 1 ACY ONE Limited ("ACY ONE") recorded below: Year 3, $80,000; Year 2, $70,000; Sales Year 1, $60,000 : Year 3, $75,000; Year 2, $60,000; Cost of goods sold Year 1, $50,000 Question What is the gross profit margin in Year 3? Select one: A. 6.3% B. 6.7% C. 107% D. $50,000

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