Sapien Corporation has provided the following data for the most recent year: The company's gross margin percentage is closest to:
A) 52.3%
B) 1691.2%
C) 5.9%
D) 34.3%

Question

Sapien Corporation has provided the following data for the most recent year:  The company's gross margin percentage is closest to:
A) 52.3% 
B) 1691.2% 
C) 5.9% 
D) 34.3%

Quizplus · Accepted Answer

Without any further information, we cannot directly calculate the gross margin percentage using the given data. However, we can take a look at the answer choices and eliminate the ones that are clearly not possible. Option B is an extremely high percentage and is not realistic. Option C is very low and would likely result in a loss rather than a profit. Option A is close to the industry average for gross margin percentages in some sectors, but without additional information, we cannot be certain. Therefore, the best choice is D, as it is a reasonable percentage that falls within the range of typical gross margin percentages for many businesses.

Sapien Corporation Has Provided the Following Data for the Most