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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 38
When a company that sells its products with a positive gross profit increases its sales by 15 percent and its cost of goods sold by 7 percent, the cost of goods sold ratio will
A) Increase.
B) Decrease.
C) Remain unchanged.
D) Not be able to be determined with the information provided.
A) Increase.
B) Decrease.
C) Remain unchanged.
D) Not be able to be determined with the information provided.
Explanation
Verified
Verified
Suppose earlier COGS and sal...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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