Question: During the current year, Green Bay Company earned a gross profit of $350,000, whereas New England Company earned a gross profit of only $280,000. Both

During the current year, Green Bay Company earned a gross profit of $350,000, whereas New England Company earned a gross profit of only $280,000. Both companies had net sales of $900,000. Does this mean that Green Bay is more profitable than New England? Explain.

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