A company has been successful in reducing the costs of its manufacturing process by relocating the factory

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A company has been successful in reducing the costs of its manufacturing process by relocating the factory to another locale. What effect will this factor have on the company's gross profit percentage ratio, all other things equal?

a. The ratio will not change.

c. The ratio will decrease.

b. The ratio will increase.

d. Either

(b) or (c).

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Financial Accounting

ISBN: 9780078111020

7th Edition

Authors: Robert Libby, Patricia A Libby

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Question Posted: May 23, 2024 01:01 AM

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A company has been successful in reducing the costs of its manufacturing process by relocating the factory

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Financial Accounting

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