The income statement of Jane Corporation for the years 2012 and 2013 showed the following gross profit.

	2013	2012
Sales	$96,000	$72,000
Cost of Goods Sold	$75,000	$48,000
Gross Profit	$21,000	$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.

	2013	2012
Gross Profit Margin	Answer %	Answer %

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

Year:Answer