Multiple Choice
Which of the following statements is not true?
A) A decline in the gross profit ratio can be caused by decreases in the cost of sales.
B) A decline in the gross profit ratio represents an unfavourable trend.
C) The gross profit ratio can be compared with ratios for similar businesses.
D) The gross profit ratio is calculated as gross profit divided by net sales.
Correct Answer:
Verified
Correct Answer:
Verified
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