The gross profit ratio for Pelham Inc. increased from 45% in 2020 to 50% in 2021. Which of the following must be true?
Question
Solution 1
The gross profit ratio is a financial metric that indicates a company's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold. It is calculated as (Gross Profit / Revenue) * 100.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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