Question: Please provide the correct answer to this general accounting problem using accurate calculations. Riverbend Co. reported the following results for the years ended December 31,

Please provide the correct answer to this general accounting problem using accurate calculations.

Riverbend Co. reported the following results for the years ended December 31, 2022 and 2021: Net Sales Revenue in 2022: $680,000 Cost of Goods Sold in 2022: $400,000 Net Sales Revenue in 2021: $620,000 Cost of Goods Sold in 2021: $370,000 Question: What is the percentage change in gross profit from 2021 to 2022? a. 9.5% b. 7.3% c. 12.1% d. 10.2%

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