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Question I oflU View Po | i L. ios Current Attempt in Progress Consider the following income statement da to for Coilornber loo: 2024 2023

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Question I" oflU View Po | i L. ios Current Attempt in Progress Consider the following income statement da to for Coilornber loo: 2024 2023 Sales revenue h $98400 $80000 Less: Cost of goods sold 46200 53900 Gross profit 52200 :51; Less: Selling and administration costs 24300 10900 Net Income $2?900 516200 What was the 2024 prot margin closest to? 24.?% 18.2%- 20.4% 53.1%

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