Please Refer to the Following Data

question 104

Multiple Choice

Please refer to the following data:

Which of the following statements is a valid conclusion based on this data?

• A) Profit in 2017 increased 12.6% over the prior year.
• B) Profit in 2017 went down because gross profit as a percentage of sales revenue declined over the two year period.
• C) Profitability in 2017 improved greatly, as profit increased significantly as a percentage of sales revenue.
• D) Profitability in 2017 took a dive as selling and general expenses increased by 30.8%.

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Definitions:

Transportation Networks

The complex systems of interconnected routes and modes of transport facilitating the movement of people and goods.

Coastal Ports

Strategic geographic locations on coastlines where ships dock to load and unload goods and passengers, facilitating maritime trade.

International Shipping

The process of transporting goods across national borders, involving regulatory compliance and logistics management.

Real GDP

Real GDP, or Real Gross Domestic Product, measures the value of all goods and services produced by an economy in a specific period, adjusted for inflation, providing a more accurate representation of an economy's size and growth rate.