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Victory Stables Ltd. for the year ended December 31, 2016, are as follows Sales revenue S550,000 Cost of goods sold 110,000 Beginning inventory 80,000 Ending

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Victory Stables Ltd. for the year ended December 31, 2016, are as follows Sales revenue S550,000 Cost of goods sold 110,000 Beginning inventory 80,000 Ending inventory 60,000 The Gross Profit percentage for 2016 is OA. 1.57 O B. 0.80 OC. 0.20 D. 1.83

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