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In Fiscal year 2018, Firm A had a revenue of 13.30M, gross profit of 6.00M, and net income of 4.54M. Firm B had a gross
In Fiscal year 2018, Firm A had a revenue of 13.30M, gross profit of 6.00M, and net income of 4.54M. Firm B had a gross profit margin of 53%, Revenues for 65.5M and its difference between gross profit and net profit was 34.5M. Which firm was more profitable in 2018? (Hint: Calculate the net profit margin for firm A)
NOTE: Answer in percentages. If your answer is 0.0204, You must answer 2.04
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