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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
Take me to the text The income statement of Naranda Coporation for the years 2019 and 2020 showed the following information. 2020 2019 Sales $90,000 $74,000 Cost of Goods Sold $70,000 $42,000 Gross Profit $20,000 $32,000 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 % H b) In which year does Naranda Coporation have a better gross profit margin? Year: Check
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