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You are analyzing the profitability of two consumer goods companies, ConsumerGoods Inc. and ProductsPlus Ltd., in the household products sector. Requirements: ConsumerGoods Inc. reported gross
You are analyzing the profitability of two consumer goods companies, ConsumerGoods Inc. and ProductsPlus Ltd., in the household products sector.
Requirements:
- ConsumerGoods Inc. reported gross profit of $60 million on net sales revenue of $200 million for the fiscal year 2023. ProductsPlus Ltd. recorded gross profit of $80 million on net sales revenue of $300 million during the same period.
- Calculate the gross profit margin for both companies.
- Determine which company demonstrates higher profitability relative to its net sales revenue.
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