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11. This shows Joe's Gross Profit Ratio from 2015 to 2017 2017 2016 2015 Units sold............ Gross profit from sales.. Net sales......... Gross profit ratio......

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11. This shows Joe's Gross Profit Ratio from 2015 to 2017 2017 2016 2015 Units sold............ Gross profit from sales.. Net sales......... Gross profit ratio...... 214,000 $84,300 $314,700 26.8% 160,000 $69,440 $248,000 28.0% 100,000 $46,400 $160,000 29.0% Is the trend favourable or unfavourable? (1 mark)

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