Anthony Inc.reported the following amounts on their 2011 and 2010 income statements:
$$\begin{array} { l r r }
& \underline { 2011 } & \underline { 2010 } \
\text { Net Sales } & \$ 20,438 & \$ 20,367 \
\text { Cost of sales } & 7,943 & 8,198
\end{array}$$ Requirements:
A.Compute the gross profit percentage for both years.
B.Provide at least two potential causes for the change in Anthony's gross profit percentage.

Question

Anthony Inc.reported the following amounts on their 2011 and 2010 income statements:
 $$\begin{array} { l r r } 
& \underline { 2011 } & \underline { 2010 } \
\text { Net Sales } & \$ 20,438 & \$ 20,367 \
\text { Cost of sales } & 7,943 & 8,198
\end{array}$$ Requirements:
A.Compute the gross profit percentage for both years.
B.Provide at least two potential causes for the change in Anthony's gross profit percentage.

Anthony Inc Requirements: A

Anthony Inc Requirements:
A