Luxottica Group, the Italian company that sells Ray Ban and Oakley sunglasses, reported net sales of 8.8
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Luxottica Group, the Italian company that sells Ray Ban and Oakley sunglasses, reported net sales of €8.8 billion in 2015 and €7.6 billion in 2014. Gross profit increased from €5.1 billion in 2014 to €6.0 billion in 2015. Was the increase in gross profit caused by (a) an increase in gross profit per sale, (b) an increase in sales volume, or (c) a combination of (a) and (b)?
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In billions of euro 2015 2014 Sales 88 76 COGS 28 25 Gross Profit 60 51 Gross Profit Percentage 682 ...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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