Essay
The following information comes from P Co.'s statements of earnings for 2012 an 2011:
1. Compute the gross profit percentage for a. 2012 ________
b. 2011 ________
2. Provide at least two potential causes for the change in P Co's gross profit percentage.
Correct Answer:
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(1) a. 58.3% (13,018/22,348), b. 59.2% (...View Answer
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