A high gross margin does not necessarily lead to a high net income. Net income is what

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A high gross margin does not necessarily lead to a high net income.

Net income is what remains after expenses have been deducted from the gross margin, and the higher the expenses, the [higher / lower]

the net income.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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