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Lansing Company has a gross profit percentage of 61%, while Arbor Company has a gross profit percentage of 37%. Which of the following statements is

Lansing Company has a gross profit percentage of 61%, while Arbor Company has a gross profit percentage of 37%. Which of the following statements is correct?

A) Lansing Company is more efficient at controlling, selling, general, and administrative expenses than Arbor.

B) Lansing and Arbor both earn enough on each scale to make a contribution to their operating costs.

C) Arbor Company must have a greater sales volume than Lansing Company.

D) Lansing Company will report a higher net income than Arbor Company.

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