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An unexplained increase in the ratio of gross profit to sales may suggest which of the following possibilities? (Gross profit ratio = 1-(costs of goods
An unexplained increase in the ratio of gross profit to sales may suggest which of the following possibilities? (Gross profit ratio = 1-(costs of goods sold/sales))
Overstated costs of goods sold.
Understated costs of goods sold.
Selling, general, and administrative expense is misclassified as cost of goods sold
Overstated purchase of inventory.
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