Q: When looking at Gross Profit Margins, Buffett believes: Select one: a. You should look for consistency for the last 10 years b. They are not important c. A lower margin is better d. They do not inclicate a company's profitability Q: A company's gross profit margin: Select one: a. Can be found on the balance sheet b. Is the difference between Revenues and Cost of goods sold c. Is Gross Profit divided by Total Revenues d. Is Total Revenues divided by Gross Profit Q : In relation to the Income Statement, Buffett believes: Select one: a. Revenue is the most important number b. The source of earnings is more important than the earnings themselves c. It does not provide useful information d. The "bottom-line" is the only number that matters Q: Operating expenses: Select one: a. Can be found on a Statement of Cash Flows b. Include income tax expense c. Include depreciation expense d. Include gain and losses on sale of assets