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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? There

  • 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?

  • There may have been an increase in operating expenses in 2019

  • There has been an improvement in operating profit in 2019

  • There may have been a decrease in operating expenses in 2020

  • There has been an improvement in operating profit in 2020

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