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In Fiscal year 2018, Firm A had a revenue of 13.50M, gross profit of 7.84M, and net income of 4.96M. Firm B had a gross

In Fiscal year 2018, Firm A had a revenue of 13.50M, gross profit of 7.84M, and net income of 4.96M. Firm B had a gross profit margin of 50%, Revenues for 69.2M and its difference between gross profit and net profit was 35.0M. 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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