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Question (4) In analyzing Progressive Company's 20Y1 and 20Y2 financial statements, you notice that in 2012, sales, cost of goods sold, accounts receivable and inventory

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Question (4) In analyzing Progressive Company's 20Y1 and 20Y2 financial statements, you notice that in 2012, sales, cost of goods sold, accounts receivable and inventory each increased 20%, while both, general & administrative expenses and accounts payable grew 22%. Which of the following is the most relevant question to ask Progressive's management? Owhy did your gross profit margin decline? Owhat caused the increase in your SGSA expenses? Owhy did your accounts payable grow proportionately more than your accounts receivable? O why did your inventory grow at the same rate as your accounts receivable

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