Steadily decreasing cost of goods sold as a percentage of net sales is a sign of:

Name: Steadily decreasing cost of goods sold as a percentage of net sales is a sign of:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A decrease in cost of goods sold as a percentage of net sales indicates that the company is efficiently managing its costs and expenses, which improves the quality of earnings. This can be achieved through cost-cutting measures or improved operational efficiency. Therefore, option A is the correct answer.

Steadily Decreasing Cost of Goods Sold as a Percentage of Net