The income statement of Jane Coporation for the years $2018$ and $2019$ showed the following gross profit calculation.

$20192018$

Sales Revenue $$94,000$ $$74,000$

Cost of Goods Sold $$68,000$ $$50,000$

Gross Profit $$26,000$ $$24,000$

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.

$20192018$

Gross Profit Margin Answer

$\%$ Answer

$\%$

b$)$ In which year does Jane Coporation have a better gross profit margin?

Year:Answer