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Glamor Industries' Cost of Goods Sold Percentage Increased from 33

Question 72

Multiple Choice

Glamor Industries' cost of goods sold percentage increased from 33.9% in 2016 to 47.7% in 2017. What is the trend in this change?


A) An upward, favorable trend
B) An upward, unfavorable trend
C) It depends on whether gross margin increased or decreased during the period
D) Trends cannot be determined without the dollar amount of the increases provided

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