ATC's gross profit ratio (rounded)in 2016 is:
A)53.4%.
B)51.9%.
C)50.3%.
D)None of the above is correct.

Name: ATC's gross profit ratio (rounded)in 2016 is: A)53.4%. B)51.9%. C)50.3%. D)None of the above is correct.
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Question

Quizplus · Accepted Answer

The gross profit ratio is calculated as (Gross Profit / Net Sales) * 100. If the given options are based on the correct calculation, 53.4% is the closest rounded figure for ATC's gross profit ratio in 2016.

ATC's Gross Profit Ratio (Rounded)in 2016 Is