Hibbert plc has calculated their gross profit % to be 45% in 2014 compared to 37%...

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Hibbert plc has calculated their gross profit % to be 45% in 2014 compared to 37% in 2013. Which of the following! statements

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As we can see that the Gross Profit margin has increased from 37% to 45% in 2014, hence Statement b is unlikely to happen, i.e., change to the minimum wage increased the production labour rate per hour as due to this the cost shall increase and Gross Profit shall reduce.

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Hibbert plc has calculated their gross profit % to be 45% in 2014 compared to 37%...