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Recall that the Gross Profit Margin: GPM = Gross Profit/Sales Operating Profit Margin: OPM = Operating Profit/Sales Regarding the Gross Profit Margin, which statement below

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Recall that the Gross Profit Margin: GPM = Gross Profit/Sales Operating Profit Margin: OPM = Operating Profit/Sales Regarding the Gross Profit Margin, which statement below is always correct? O GPM is at least as high as the operating profit margin o If COGS increases relatively stronger than sales, GPM increases A 10% increase in sales leads to an increase of GPM

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