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Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses Interest expense

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Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses Interest expense Net sales Selling expenses Income taxes COGS Gain on Sale of land 25,000 1,200 $124.000 11.880 $1,1093 108,000 450 24,000 1,500 $138.000 12,720 1,883 95,000 600 3. What is the gross profit margin for the company over the years 2020 and 2019 respectively? * A) 2.6%; 4.5% B) 1.3%; 2.5% C) 1.8%; 3.4% D) 27.4%; 31.1% E) None of the above

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