A company's gross profit margin has increased from 35% to 55%. Therefore, its net income has Select
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Question:
A company's gross profit margin has increased from 35% to 55%. Therefore, its net income has
Select one:
a.decreased
b.not enough information provided to determine if net income has increased or decreased
c.increased by the same percentage
d.increased, but not by the same percentage
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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