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10. 10. Grand Office Supply reported the following gross profit percentages: 2017: 37.5%; 2018: 36.2%; 2019: 20.8%. The industry average is 35%. What could explain

10.

10. Grand Office Supply reported the following gross profit percentages:

2017: 37.5%;

2018: 36.2%;

2019: 20.8%.

The industry average is 35%. What could explain the decline in Grand Office Supplys gross profit ratio and

how could they improve it for 2020?

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