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Take me to the text The income statement of Ellen Corporation for the years 2018 and 2019 showed the following gross profit calculation. Sales
Take me to the text The income statement of Ellen Corporation for the years 2018 and 2019 showed the following gross profit calculation. Sales Revenue 2019 2018 $90,000 $85,000 Cost of Goods Sold $78,000 $56,000 Gross Profit $12,000 $29,000 a) Calculate the gross profit margins for both years. Do not enter dollar signs or commas in the input boxes. Round the gross profit margin to 2 decimal places. 2019 2018 Gross Profit Margin % b) In which year does Ellen Corporation have a better gross profit margin? Year:
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