Gilbert's Hydraulics has provided you with the following selected information from 2020 and 2021: Which of the following best interprets Gilbert's profit margin?
A) Profit margin has weakened compared to prior year, decreasing from 45.6% to 41.2%.
B) Profit margin has weakened compared to prior year, decreasing from 18.6% to 11.9%.
C) Profit margin has weakened compared to prior year, decreasing from 17.3% to 11.1%.
D) Profit margin has weakened compared to prior year, decreasing from 55.7% to 50.9%.
Correct Answer:
Verified
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