Victory Stables Ltd. key account totals for the year ended December 31, 2018, are as follows: Sales revenue $400,000; Cost of goods sold $140,000; Beginning inventory $80,000; Ending inventory $60,000. The Gross Profit percentage for 2018 is: Select one: a. 35% b. 45% c. 65% d. 80% O

Victory Stables Ltd. key account totals for the year ended December 31, 2018, are as follows: Sales revenue $400,000; Cost of goods sold $140,000; Beginning inventory $80,000; Ending inventory $60,000. The Gross Profit percentage for 2018 is: Select one: a. 35% b. 45% c. 65% d. 80%