Question
In Fiscal year 2018, Firm A had a revenue of 13.42M, gross profit of 6.53M, and net income of 5.86M. Firm B had a gross
In Fiscal year 2018, Firm A had a revenue of 13.42M, gross profit of 6.53M, and net income of 5.86M. Firm B had a gross profit margin of 51%, Revenues for 65.9M and its difference between gross profit and net profit was 31.2M. Which firm was more profitable in 2018? (Hint: Calculate the net profit margin for firm B) NOTE: Answer in percentages. If your answer is 0.0204, You must answer 2.04
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Principles Of Finance With Excel
Authors: Simon Benninga
1st Edition
0195301501, 978-0195301502
