What ratio would a retailer utilize to best compare the performance of cashmere sweaters to cotton sweaters?
A)cost of goods sold percent
B)gross margin percent
C)operating expense percent
D)fixed expense percent
E)variable expense percent

Question

Quizplus · Accepted Answer

Gross margin dollars divided by net sales gives gross margin percentage.This ratio then can be utilized to compare the performance of various types of merchandise to one another.

What Ratio Would a Retailer Utilize to Best Compare the Performance