Which of the following statements about gross profit percentages is correct? Because gross profit percentages are...
Which of the following statements about gross profit percentages is correct?
Because gross profit percentages are so variable across industries, they are most useful in comparing companies from different industries.
Because gross profit percentages are so consistent from period to period, they are not very useful for analyzing one company over time.
Because gross profit percentages are so variable across industries, they are more useful in analyzing one company over time.
Because gross profit percentages are so consistent across industries, they are most useful in comparing companies from different industries.
Homework Answers
| Option C | |
| Because gross profit percentages are so variable across industries, they are more useful in analyzing one company over time. Gross profit of one company in one industry cannot be compared to gross profit of other company in other industry | |
| Comment if you face any issues |
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