Question: MC 3 7 -8 Based on the income statement shown above, what should be the formula in B14 for the gross profit margin in 2016?

MC 3 7 -8 Based on the income statement shown above,

what should be the formula in B14 for the gross profit margin

MC 3 7 -8

Based on the income statement shown above, what should be the formula in B14 for the gross profit margin in 2016? =B4/B3 none of the answers is correct. =B3/B4=B4/B2=B2/B4 Based on the income statement shown above, what should be the formula in B22 for the quick ratio in 2019? =(B6B5)/B15 none of the answers is correct. =B15/(B6+B5)=B15/(B6B5)=(B6+B5)/B15

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