A company sold inventory on credit.Its gross profit percentage is 23%.What effect did this have on the company?

Name: A company sold inventory on credit.Its gross profit percentage is 23%.What effect did this have on the company?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Selling inventory on credit increases revenue and, assuming costs are controlled, increases net income, which in turn increases earnings per share. The other options are not directly affected by this transaction in the manner described.

A Company Sold Inventory on Credit