- CFA Exams
- CFA Level I Exam
- Study Session 7. Financial Reporting and Analysis (2)
- Reading 21. Understanding Income Statements
- Subject 8. Analysis of the Income Statement
CFA Practice Question
Starr Co. had 2014 sales of $210. Sales for 2015 increase by 15% and the cost of goods sold remains 65% of sales. Starr Co.'s 2015 income statement will show a gross profit of ______.
A. $84.52
B. $144.90
C. $241.50
User Contributed Comments 1
| User | Comment |
|---|---|
| myanmar | 210*1.15=241.50*0.35=84.525 |