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Extracts from the 2019 accounts of Candy Limited showed: Gross revenue 9,200 Operating expenses 2,700 Sales returns 310 Cost of goods sold 3,600 Closing

Extracts from the 2019 accounts of Candy Limited showed: Gross revenue 9,200 Operating expenses 2,700 Sales

Extracts from the 2019 accounts of Candy Limited showed: Gross revenue 9,200 Operating expenses 2,700 Sales returns 310 Cost of goods sold 3,600 Closing inventory 1,850 Trade accounts receivables 2,500 Which of the following is the correct gross profit ratio for 2019? 59.5% 29.1% 33.44% 57.5%

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