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If vertical analysis, using net sales as the base, shows a 67% figure for cost of goods sold in the prior year, and a 70%

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If vertical analysis, using net sales as the base, shows a 67% figure for cost of goods sold in the prior year, and a 70% figure for the current year, this would always mean that O A. cost of goods sold as a percentage of net sales has increased O B. gross margin has increased O C. net income has increased O D. the dollar amount of cost of goods sold has increased

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