Essay
Anthony Inc. reported the following amounts on its 2016 and 2017 income statements: 
Requirements:
A.Compute the gross profit percentage for years 2016 and 2017.
B.Provide at least two potential causes for the change in Anthony's gross profit percentage.
Correct Answer:
Verified
A. 2017 = 61.1% = ($12,495 ÷ $20,438).
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