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Crane Merchants reported the following on its income statement for the fiscal years ended December 31, 2023 and 2022. Calculate the gross profit margin for
Crane Merchants reported the following on its income statement for the fiscal years ended December 31, 2023 and 2022. Calculate the gross profit margin for Crane for 2022 and 2023. (Round answers to 1 decimal place, e.g. 52.7\%.) Calculate the profit margin for Crane for 2022 and 2023. (Round answers to 1 decimal place, e.g. 52.7\%.) For each ratio calculated in the parts above, ccloment if the ratio has improved or deteriorated from 2022 to 2023. The gross profit margin has from 2022 to 2023. The profit margin has from 2022 to 2023
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