NOTIUN 12 Qualitative information is not relevant for decision making. True False QUESTION 13 Gross margin is equal to A Sales Revenue minus Cost of Goods Sold B. Sales Revenue divided by the balance in Merchandise Inventory at the end of the period C. Sales Revenue minus Cost of Goods Available for Sale The balance in Merchandise Inventory at the beginning of the period plus the amount of inventory purchased during the year. D QUESTION 14 Pass Fast