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If the rate of growth in sales is greater than the rate of growth in cost of goods sold from one year to the next,
If the rate of growth in sales is greater than the rate of growth in cost of goods sold from one year to the next, which of the following will you most likely expect?
a. Inventory turnover is declining.
b. The gross margin percentage is increasing.
c. The gross margin percentage is decreasing.
d. Accounts receivable turnover is declining.
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