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If vertical analysis, using net sale as the bade, show a 68% figure of cost of good sold im the prior year, and a 71%
If vertical analysis, using net sale as the bade, show a 68% figure of cost of good sold im the prior year, and a 71% figure for the current year, this would always mean that ? a- gross margin has increased b- cost of goods sold as a percentage of net sales has increased c-net income has increased d-the dollar amount of cost of goods sold has imcreased
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