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  3. ,36 l. cornpany has a gross profit percentage of..

,36 l. Cornpany has a gross profit percentage of...

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Accounting

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,36 l. Cornpany has a gross profit percentage of 61% while NY Company has a gross profit percenta, of37%, which of the following is true? A. LA Company will report a higher net income than NY Company. B. NY Company must have a greater sales volume than LA Company. C. LA Company is more efficient at controlling selling, general, and administrative expenses than NY Company None of these. A company starts the period with 100 computers in inventory, purchases 30 more, returns 4 of them to suppliers, and has 83 in inventory at the end of the period. Which of the following statements is true? A. Net purchases total 26 computers B. Net sales total 51 computers. C. Net sales total 26 computers. I. Net purchases total 51 computers

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