单选题
An analyst gathers the following information about a company ($millions):
2009
2008
sales
year-end inventory (LIFO inventory method)
LIFO reserve
COGS (LIFO inventory method)
283.5
81.4
36.4
203.9
234.9
53.7
21.8
167.3
If the company uses the FIFO inventory method instead of LIFO, the company"s 2009 gross profit margin is closest to:
A、
22.9%
B、
29.8%
C、
33.2%
【正确答案】
C
【答案解析】
[解析] LIFO储备的变动金额=36.4-21.8=14.6(百万美元)
COGS
FIFO
=COGS
LIFO
-LIFO储备的变动金额=203.9-14.6=189.3(百万美元)
基于FIFO法的总利润=销售额-COGS
FIFO
=283.5-189.3=94.2(百万美元)
基于FIFO法的总利润率=基于FIFO法的总利润/销售额=94.2/283.5=33.23%
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