Question
In order to evaluate a companys gross profit ratio, a. the ratio should be compared with forecasted financial statements. b. the ratio should be compared
In order to evaluate a companys gross profit ratio,
| a. | the ratio should be compared with forecasted financial statements. | |
| b. | the ratio should be compared with other companies in the same industry. | |
| c. | the ratio should be compared with those of prior years. | |
| d. | the ratio should be compared with those of both prior years and competitors. |
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Auditing And Assurance Services
Authors: David Ricchiute
5th Edition
0538869526, 978-0538869522
