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QUESTION 5 10 In Fiscal year 2018, Firm A had a revenue of 11.01M, gross profit of 7.87M, and net income of 5.01 M. Firm

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QUESTION 5 10 In Fiscal year 2018, Firm A had a revenue of 11.01M, gross profit of 7.87M, and net income of 5.01 M. Firm B had a gross profit margin of 53%, Revenues for 68.4M and its difference between gross profit and net profit was 33.1M. 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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