Top Posters
Since Sunday
s
5
g
5
K
5
o
5
g
5
o
4
k
4
s
4
I
4
k
4
j
4
o
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
tivo tivo
wrote...
Go to Answer
Posts: 1776
Rep: 1 0
7 years ago
A company's gross profit percentage decreases from 58% to 51%. What does this mean?
A) This means that net income will be higher.
B) This means that net income will be lower.
C) This means that there will be a net loss.
D) We cannot determine anything definite from the information given.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
Read 137 times
2 Replies
Replies
Answer verified by a subject expert
antonio_johnantonio_john
wrote...
#1
Top Poster
Posts: 898
Rep: 47 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Massachusetts Institute of Technology
-- Accounting

Related Topics

tivo Author
wrote...
#2
7 years ago
I appreciate it once again, answered correctly
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  833 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 600
  
 237
  
 161
Your Opinion
Who's your favorite biologist?
Votes: 587
Previous poll results: Which country would you like to visit for its food?