Multiple Choice
Company A has a profit margin on sales ratio of 8% and Company B has a profit margin on sales ratio of 12%.Which of the following must be true?
A) Company A must charge less for its goods than Company B.
B) Company A must have a lower gross profit margin than Company B.
C) Company A must make less per dollar of sales than Company B.
D) Company A must charge more for its goods than Company B.
Correct Answer:
Verified
Correct Answer:
Verified
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