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.
Correct Answer:
Verified
Q142: A company's gross profit percentage increased from
Q143: If a company has net sales of
Q144: If net sales increases and cost of
Q145: If a company has $115,000 net sales,
Q146: Because the _ of a company tends
Q148: If net sales decreases and cost of
Q149: A company has net sales of $56,500
Q150: A company has net sales of $124,000,
Q151: A gross profit percentage of 43% means
Q152: If a company had net sales of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents