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In Fiscal year 2018, Firm A had a revenue of 14.97M, gross profit of 6.17M, and net income of 5.25M. Firm B had a gross
In Fiscal year 2018, Firm A had a revenue of 14.97M, gross profit of 6.17M, and net income of 5.25M. Firm B had a gross profit margin of 52%, Revenues for 66.8M and its difference between gross profit and net profit was 31.0M. Which firm was more profitable in 2018 ? (Hint: Calculate the net profit margin for firm A) NOTE: Answer in percentages. If your answor is 0.0204, You must answer 2.04
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
