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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
A company's gross profit percentage increased from 37% to 41%. What does this mean?
A) This means that cost of goods sold as a percentage of net sales increased.
B) This means that cost of goods sold as a percentage of net sales decreased.
C) This means that operating expenses as a percentage of net sales decreased.
D) There is not enough information to explain the increase.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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tivo Author
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#2
7 years ago
Amazing, that's all I can say
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