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Assuming the following from company XYZ's financial statement, calculate the gross profit margins for each year (show your work). What do the gross profit margins

Assuming the following from company XYZ's financial statement, calculate the gross profit margins for each year (show your work). What do the gross profit margins tell you about company XYZ?

2015: Sales revenues= $128,000. Cost of goods sold = $82,000

2014 Sales revenues= $130,000. Cost of goods sold = $99,000

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