Because the ________ of a company tends to vary little from year to year, a significant change would prompt further investigation.

Question

Quizplus · Accepted Answer

The gross profit percentage is a measure of how much of each dollar of revenue is left after the direct costs of producing a good or service are accounted for. This tends to vary little from year to year unless there is a significant change, such as a shift in the cost of goods sold or changes in pricing strategies. Therefore, any significant change in the gross profit percentage would prompt further investigation.

Because the ________ of a Company Tends to Vary Little