The Owner of a Local Pet Supply Store Fears Their

Multiple Choice

The owner of a local pet supply store fears their efforts to increase the store's gross profit and net income are futile. They have compiled the following information from their financial statements over the last 2 years: What is the percent difference in the Gross Margin ratio for year 2 compared to year 1? (Round the gross margin for years 1 and 2 to two decimal places.)

A) The percentage differs between years 1 and 2 by 12.35%.
B) The percentage differs between years 1 and 2 by 14.18%.
C) The percentage differs between years 1 and 2 by 14.86%.
D) There is no difference in the Gross Margin ratio percentage between those two years.