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Gross Profit Margin Trend Analysis : Analyze the trend in gross profit margin for a company over the past three years. Given the following data:
- Gross Profit Margin Trend Analysis: Analyze the trend in gross profit margin for a company over the past three years. Given the following data: - Year 1: Sales Revenue = $400,000, COGS = $240,000 - Year 2: Sales Revenue = $450,000, COGS = $270,000 - Year 3: Sales Revenue = $500,000, COGS = $290,000 Calculate the gross profit margin for each year and discuss the trends and possible reasons for any changes.
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
