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Take me to the text The income statement of Naranda Coporation for the years 2019 and 2020 showed the following information. 2020 2019 Sales $99.000

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Take me to the text The income statement of Naranda Coporation for the years 2019 and 2020 showed the following information. 2020 2019 Sales $99.000 $79.000 Cost of Goods Sold $67,000 $43,000 Gross Profit $32,000 $36,000 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. 2020 2019 Gross Profit Margin % 96 b) In which year does Naranda Coporation have a better gross profit margin? Year

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