Question: The answer 6.20% is correct, but i need help learning how to solve for that answer. thank you in advance! Groff gathers information on Crux

The answer 6.20% is correct, but i need help learning how to solve for that answer. thank you in advance!

to solve for that answer. thank you in advance! Groff gathers information

Groff gathers information on Crux and Rolby. To compare the financial performance of the two companies, Groff decides to convert LIFO figures into FIFO figures, and adjust figures to assume no valuation allowance is recognized by any company. Rolby's net profit margin for the year ended 31 December 2018 , after the adjustments, is closest to: 6.01% 6.20% 6.28%

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