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A Company Reported a Decrease in Sales from $860,000 Last

Question 142

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A company reported a decrease in sales from $860,000 last year to $760,000 this year and a decrease in gross profit from $400,000 last year to $360,000 this year.Was the drop in gross profit caused by a decline in the gross profit per sale,a decline in the sales volume,or a combination of the two?

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blured image The gross profit percentage increased t...

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