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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. 214,000 160,000 100.000 $84,300 $69,440 $46,400 $314,700 $248,000 $160,000 26.8% 28.0% 29.0% Is the trend favourable or unfavourable? (1 mark) What do you think is the explanation for your answer? 3 MARKS 1

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