Multiple Choice
The gross profit percentage decreased from 36.5% in 2019 to 24.8% in 2020. What is the trend in this change?
A) This increase represents an upward, or favorable, trend.
B) This increase represents a downward, or negative, trend.
C) The answer depends upon whether net sales increased or decreased during the period.
D) The trend cannot be determined unless the dollar amount of the change is also know.
Correct Answer:
Verified
Correct Answer:
Verified
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