In the 2016 data, the period ending for the gross profit figure is which date?

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Multiple Choice

In the 2016 data, the period ending for the gross profit figure is which date?

Explanation:
The date used for gross profit reflects the period end date defined by the data’s reporting convention. In this 2016 data, monthly periods end on the 30th of each month, not the calendar last day. So January 2016 closes on January 30, 2016, which is why that date is the period ending for the gross profit figure. The other dates represent calendar ends (January 31), year-end (December 31, 2015), or a different month-end (February 28) that don’t match the dataset’s 30-day-month convention.

The date used for gross profit reflects the period end date defined by the data’s reporting convention. In this 2016 data, monthly periods end on the 30th of each month, not the calendar last day. So January 2016 closes on January 30, 2016, which is why that date is the period ending for the gross profit figure. The other dates represent calendar ends (January 31), year-end (December 31, 2015), or a different month-end (February 28) that don’t match the dataset’s 30-day-month convention.

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