fundamentals of financial acc

lapters 5, band i Help Save & Exit Su Which of the following statements regarding gross profit percentage is not correct? Multiple Choice The gross profit percentage measures the percentage of profit earned on each dollar of sales. O O Gross profit percentages vary across industries. O O A decreasing gross profit percentage means that the company is selling products for a greater markup over its cost. O It is possible for a company to increase both its gross profit percentage and net income without increasing the dollar amount of sales. Prey. 27 of 27 ! Next > e io no