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Profitability Analysis Kolby Enterprises reports the following information on its income statement: Required Calculate-Kolby's gross profit percentage and return on sales ratio. Kolby is planning
Profitability Analysis Kolby Enterprises reports the following information on its income statement: Required Calculate-Kolby's gross profit percentage and return on sales ratio. Kolby is planning to add a new product and expect expenses are expected to change. How will this affect Kolby's gross profit percentage and return on sales ratio? (Round all answers to 1 decimal place.)
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