Multiple Choice
Assume Taylor & Sons Cabinet Makers had a gross profit ratio of 30%,35%,and 40% over the most recent three years.Which statement below is the best interpretation of the data?
A) The company may be having trouble selling its inventory.
B) The company is selling more inventory than in prior years.
C) The company is increasing its selling price per unit or having its inventory costs per unit decrease.
D) The company has been decreasing its selling price but selling more units.
Correct Answer:
Verified
Correct Answer:
Verified
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