Which of the following would not affect the operating expenses to sales ratio? (Assume sales remains constant.)

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Which of the following would not affect the operating expenses to sales ratio? (Assume sales remains constant.)

(a) An increase in advertising expense

(b) A decrease in depreciation expense

(c) An increase in cost of goods sold

(d) A decrease in insurance expense

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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