Question
In Fiscal year 2018, Firm A had a revenue of 14.07M, gross profit of 7.02M, and net income of 5.28M. Firm B had a gross
In Fiscal year 2018, Firm A had a revenue of 14.07M, gross profit of 7.02M, and net income of 5.28M. Firm B had a gross profit margin of 51%, Revenues for 66.1M and its difference between gross profit and net profit was 39.8M. 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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Options Futures And Other Derivatives
Authors: John C. Hull
7th Edition
0136015867, 9780136015864
