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b) Explain the effect of the following: c. Company Y has reported a 10% increase in its administrative expense compared to previous year. Explain the
b) Explain the effect of the following:
c. Company Y has reported a 10% increase in its administrative expense compared to previous year. Explain the effect this is likely to have on gross profit margin. d. Company Cs operating efficiency has significantly improved compared to previous years. Holding everything else constant, what is the likely effect of this on company Cs return on equity.
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