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EatAway Enterprises sells food at the Calgary International Airport. Please refer below to some of their Profitability ratios for the 2020 and 2019 financial
EatAway Enterprises sells food at the Calgary International Airport. Please refer below to some of their Profitability ratios for the 2020 and 2019 financial years. EatAway Enterprises' Ratios Gross Profit Margin Profit Margin Industry Ratio Averages 2020 2019 13.5% 22.5% 1.5% 2.6% Gross Profit Margin Profit Margin Required: 10.6% 21.4% 1.1% 2.3% Analyze and explain the Gross Profit Margin and Profit Margin ratios for EatAway and provide some possible reasons for the changes. (4 marks)
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