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Purrfect Pets announces that its gross profit dropped 5% but net income rose. Which of the following statements is true? Not possible given that net
- Purrfect Pets announces that its gross profit dropped 5% but net income rose. Which of the following statements is true?
- Not possible given that net income is determined by gross profit.
- Other expenses rose by more than 5%.
- Other expenses dropped.
- Sales revenue dropped.
- Both b and c are true
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