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25. In its year-end financial statements, Pillar Inc. reported the following (in millions): Year 2 Year 1 Sales $38,537 $47,011 Cost of goods sold $28,309
25. In its year-end financial statements, Pillar Inc. reported the following (in millions): Year 2 Year 1 Sales $38,537 $47,011 Cost of goods sold $28,309 $33,546 As a percentage of sales, did Pillar's gross profit increase or decrease during the year? A) Gross profit increased from 25.0% to 28.6% B) Gross profit decreased from 28.6% to 25.0% C) Gross profit increased from 71.4% to 75.0% D) Gross profit decreased from 75.0% to 71.4% E) There is not enough information to answer the
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