JCPenny Had Net Sales of $28,496 Million,its Cost of Goods

question 134

Multiple Choice

J.C.Penny had net sales of $28,496 million,its cost of goods sold was $19,092 million and its net income was $997 million.Its gross margin ratio equals:

• A)3.5%
• B)5.2%
• C)33%
• D)67%
• E)149.3%

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Definitions:

R-Squared Value

A statistical measure that represents the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.

Points Scored

The total number of points earned by a team or individual in a competitive event.

Oxygen Uptake

The volume of oxygen absorbed and utilized by an organism or body tissues, usually within a specified period, indicating aerobic capacity.

F Statistic

A ratio used in an analysis of variance test to determine whether the means of several groups are equal.