Question: QUESTION Using the following income statement information for HR Solutions Publishing Co., calculate the Gross Margin and Profit Margin and describe why Net Income decreased

QUESTION Using the following income statement information for HR Solutions Publishing Co., calculate the Gross Margin and Profit Margin and describe why Net Income decreased from 2018 to 2019. 2019 720 150 570 380 2018 740 200 540 270 Sales Less: Cost of Goods Sold GROSS PROFIT Less: Operating Expenses EARNINGS BEFORE INTEREST & TAXES Less: Interest Expense EARNINGS BEFORE TAXES Less: Taxes Net Income 190 270 82 82 108 188 39 o

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