Please refer to the following data:

Which of the following statements is a valid conclusion based on this data?
A) Profit in 2017 increased 12.6% over the prior year.
B) Profit in 2017 went down because gross profit as a percentage of sales revenue declined over the two year period.
C) Profitability in 2017 improved greatly, as profit increased significantly as a percentage of sales revenue.
D) Profitability in 2017 took a dive as selling and general expenses increased by 30.8%.

Question

Please refer to the following data:

Which of the following statements is a valid conclusion based on this data?
A) Profit in 2017 increased 12.6% over the prior year. 
B) Profit in 2017 went down because gross profit as a percentage of sales revenue declined over the two year period. 
C) Profitability in 2017 improved greatly, as profit increased significantly as a percentage of sales revenue. 
D) Profitability in 2017 took a dive as selling and general expenses increased by 30.8%.

Quizplus · Accepted Answer

The data provided does not allow for any conclusion to be drawn about profit or expenses. However, the part of the data "TB5181_00" suggests that it may refer to a financial report or statement. In this case, "profitability improved greatly" based on an increase in profit as a percentage of sales revenue, which is the only information that can be reasonably inferred from this data.

Please Refer to the Following Data