Extracted text: Ues.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-SysLm-AeX919m2L5F4Jxzbwov4D68IWUmoF2Sg/formResponse?pli=1 3. What is the gross profit margin for the company over the years 2020 and 2019. respectively? * O A) 27.4%, 31.1% O B) 3%, 4.5% O C) 1.7%, 2.6% O D) 1.9%, 3.4% O E) None of the above 4. According to your answer in the previous question (3), the gross profit margin has decreased from 2019 to 2020. This decline in gross profit could be due to: A) A decrease in prices caused by competition, deflation, or slow-moving goods that have been discounted: B) An increase in the cost of goods and the firm has been unable to pass atong the O increases to customers, This is happened whille the selling prices have remained the same. O C) All of the above. O D) None of the above 10:47 AM A + O Co) ENG 22-Dec 2021
Extracted text: A2 Fall 2021-2022 OFIN445 Ch. 1-5 Flashcards | Quizt x google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Required Income Statement: The income statement of Fairoz store Inc. is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 21,600 24,000 Interest expense 1,500 1,500 Net sales $136,400 $138,000 11,660 12,720 Selling Expense $1,023.0 5,230 Income taxes 99,000 95,000 COGS 770 450 Gain on Sale of land 1. What is the operating profit margin for the company over the years 2020 and 2019 respectively?