Souki Corporation had a gross margin percentage of 45 percent in the prior year. The gross margin

Question:

Souki had a gross margin percentage of 45 percent in the prior year. The gross margin ratio has now dropped to 32 percent. Discuss what this ratio measures and what a change like this could indicate for the company.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...