Which of the following correctly describes the gross profit percentage?
A)The gross profit percentage is one of the most carefully watched measures of profitability.
B)Merchandising companies strive to increase the gross profit percentage.
C)For most companies, the gross profit percentage changes little from year to year.
D)All of the above are true.

Question

Quizplus · Accepted Answer

All the statements are true: the gross profit percentage is a key profitability measure, merchandising companies aim to increase it, and it typically remains stable year to year.

Which of the Following Correctly Describes the Gross Profit Percentage