Multiple Choice
BC Company has a gross profit percentage of 61% while AB Company has a gross profit percentage of 37%.Which of the following is true?
A) BC Company will report a higher net income than AB Company.
B) AB Company must have a greater sales volume than BC Company.
C) BC Company must be more efficient at controlling selling,general,and administrative expenses than AB Company.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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