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2016 2015 7. This shows MEC's Gross Profit Ratio from 2015 to 2016 2017 Units sold 214.000 Gross profit from sales $B4,300 Net sales $314.700
2016 2015 7. This shows MEC's Gross Profit Ratio from 2015 to 2016 2017 Units sold 214.000 Gross profit from sales $B4,300 Net sales $314.700 Gross profit ratio 26.8% a) is the trend favourable or unfavourable? (1 Mark) 160,000 $69,440 $248,000 28.0% 100,000 $46,400 $160,000 29.0% b) What do you think is the explanation for your answer? (2 MARKS)
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Accounting and auditing research tools and strategies
Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana
8th edition
9781118806487, 1118027078, 1118806484, 978-1118027073
