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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
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) What do you think is the explanation for your answer? 3 MARKS
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
