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Required information E6-18 (Algo) Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6] [The following information applies to the questions displayed
Required information E6-18 (Algo) Analyzing Gross Profit Percentage on the Basis of an Income Statement [LO 6-6] [The following information applies to the questions displayed below.] Rockland Shoe Company, prides itself as being the "world's leading marketer of U.S. branded non-athletic footwear." The following data (in millions) were reported for the second quarter of 2019 : E6-18 (Algo) Part 3 3. Did the gross profit percentage in the current quarter improve, or decline, relative to the 39.2% gross profit percentage in the prior quarter? Improve Decline
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