Question
Assume that net sales are decreasing and that the company's gross profit rate is also decreasing. Of the following, the most logical conclusion is that:
Assume that net sales are decreasing and that the company's gross profit rate is also decreasing. Of the following, the most logical conclusion is that:
options:
- the company's cost of purchasing merchandise if rising rapidly
-Choices A and C are true
-Demand for the company's product is very strong
- demand for the company's product is very strong
-operating expenses are falling
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Financial Accounting Fundamentals With Connect Plus
Authors: John Wild
4th Edition
77785932, 978-0077785932
