Sales have increased in the previous year and the(gross-profit-to-sales ratio has increased but the operating-profit-to-sales ratio has

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Sales have increased in the previous year and the(gross-profit-to-sales ratio has increased but the operating-profit-to-sales ratio has fallen. This is most likely because

a. Expenses have increased

b. Taxes are higher

c. Selling price is lower

d. Cost of sales has not been effectively controlled

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Accounting For Managers Interpreting Accounting Information For Decision Making

ISBN: 9781118037966

1st Canadian Edition

Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann

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Question Posted: May 30, 2024 02:02 AM

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Sales have increased in the previous year and the(gross-profit-to-sales ratio has increased but the operating-profit-to-sales ratio has

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Accounting For Managers Interpreting Accounting Information For Decision Making

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