The following table shows some selected financial information of Quartz Company. According to the given information, which of the following shows the Gross Profit Margin correctly? Sales 75000 Purchases 28000 Sales Returns 2000 Closing Inventory 4000 Opening Inventory 7000 Select one: O a. 0.57 O b. 0.53 O c. 0.04 O d. 0.42

Q: need help with this question

A: Step 1: 1) Net sales = Sales - Sales returns and allowances - Sales discountsNet sales = $1,000,000…

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A: Information  Provided:

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A:

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Q: want answer please provide it

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