Question: True Machine Inc. and One Electrona Inc. are two competing consumer electronics companies. While True Machine's Cost of Goods Sold/Sales is 56%, One Electrona's is
True Machine Inc. and One Electrona Inc. are two competing consumer electronics companies. While True Machine's Cost of Goods Sold/Sales is 56%, One Electrona's is 74%. What CANNOT be inferred from this financial data?
- True Machine has a higher gross-profit margin than One Electrona
- True Machine's production is more efficient than that of One Electrona.
- True Machine is more profitable than One Electronica
- True Machine charges premium prices for its products whereas One Electrona charges low prices.
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