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QUESTION 5 In Fiscal year 2018, Firm A had a revenue of 13.25M, gross profit of 7.63M, and net income of 5.75M. Firm Bhad a

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QUESTION 5 In Fiscal year 2018, Firm A had a revenue of 13.25M, gross profit of 7.63M, and net income of 5.75M. Firm Bhad a gross profit margin of 54%, Revenues for 68M and its difference between gross profit and net profit was 32.5M. Which firm was more profitable in 2018? (Hint: Calculate the net profit margin for firm A) NOTE: Answer in percentages. If your answer is 0.0204. You must answer 2.04

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