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Which of the Following Correctly Describes the Gross Profit Percentage

Question 132

Multiple Choice

Which of the following correctly describes the gross profit percentage?


A) For most companies, the gross profit percentage changes little from year to year.
B) Merchandising companies strive to increase the gross profit percentage.
C) The gross profit percentage is one of the most carefully watched measures of profitability.
D) All of the above are true.

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