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A company reports the following information for its operating profit ratio: 2018 2019 2020 9.44% 9.99% 9.58% Which of the following statements is true? 01.O

A company reports the following information for its operating profit ratio: 2018 2019 2020 9.44% 9.99% 9.58% Which of the following statements is true? 01.O There may have been an increase in operating expenses in 2019 02. O There has been an improvement in operating profit in 2019 03. O There has been an improvement in operating profit in 2020 04. O There may have been a decrease in operating expenses in 2020

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