Question 8 0 / 1 pts Avenger Ltd has provided the following information from the latest financial statements: Sales revenue for the year $3,000,000. Cost of goods sold for the year $1,200,000. Profit after tax for the year $900,000. Which one of the following statements is NOT true? Cost of goods sold eats up 30% of sales. Profit margin for the year is 30%. Gross profit margin for the year is 60%. Cost of goods sold eats up 40% of sales. Question 9 0 / 1 pts DC Ltd has generated $1,000,000 sales revenue in 2020. In comparison, the sales revenue in 2019 was $800,000. Which one of the following statements is NOT true? Sales revenue went up by $200,000 in 2020 compared to 2019. Sales revenue has increased 20% from 2019 to 2020. It is a good trend to see sales revenue going up in 2020. Sales revenue has increased 25% from 2019 to 2020