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A company's gross profit percentage increased from 24.8% in 20X1 to 27.4% in 20X2. What is the trend in this change? Multiple Choice This

A company's gross profit percentage increased from 24.8% in 20X1 to 27.4% in 20X2. What is the trend in this change? Multiple Choice This change represents a favorable trend. The answer depends upon whether net sales Increased or decreased during the period. The trend cannot be determined unless the dollar amount of the change is also known. This change represents a negative trend.

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