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Selected data for A, inc. and B corp, two companies in the same industry, are presented below : Sorenta, Inc New world corp Sales $50
Selected data for A, inc. and B corp, two companies in the same industry, are presented below : Sorenta, Inc New world corp Sales $50 000 80 000 Cost of goods sold 30 000 50 000 Average inventory balance 5000 5000 Based on this data which of the following statements is true ? a- A has lower storage costs and a lower investment in inventory than B b- A has a lower gross profit ratio than c- B has a higher net income than A d- B sells its inventory faster than A
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