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explain in computer typed 7. This shows MEC's Gross Profit Ratio from 2015 to 2016 2017 2016 2015 Units sold 214,000 Gross profit from sales
explain in computer typed
7. This shows MEC's Gross Profit Ratio from 2015 to 2016 2017 2016 2015 Units sold 214,000 Gross profit from sales $84,300 Net sales... $314,700 Gross profit ratio 26.8% a) Is the trend favourable or unfavourable? (1 Mark) 160,000 $64,440 $248,000 28.0% 100,000 $46,400 $160.000 24.0% b) What do you think is the explanation for your answer? (2 MARKS)Step by Step Solution
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Foundations Of Managerial Accounting
Authors: Dr. Susan Galbreath
1st Edition
0390786276, 978-0390786272
