The gross profit rate is reported for two companies. Company A = 45.4% Company B...
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Accounting
The gross profit rate is reported for two companies. Company A = 45.4% Company B = 47.8%. Based upon this one ratio, which of the following statements is true? Select one: a. Company A is more liquid than Company B O b. Company B is more liquid than Company A Company A is more solvent than Company B d. Company B is more solvent than Company A e. Company A is more profitable than Company B O f. Company B is more profitable than Company A C.
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