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Firm Bs 2019 financial statements reported the following information. 2019 2018 Revenues $2,359,254 $1,706,335 Cost of sales 1,384,002 1,253,099 Inventories, net 504,764 483,570 LIFO reserve
Firm Bs 2019 financial statements reported the following information.
| 2019 | 2018 | |
| Revenues | $2,359,254 | $1,706,335 |
| Cost of sales | 1,384,002 | 1,253,099 |
| Inventories, net | 504,764 | 483,570 |
| LIFO reserve | 4,290 | 3,851 |
Firm Bs gross profit ratio changed by what percentage from 2018 to 2019?
| 56.27% | ||
| 9.69% | ||
| 30.25% | ||
| 55.65% |
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Introduction To Managerial Accounting
Authors: Peter C. Brewer
Custom Edition
0077842987, 978-0077842987
