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Shown below the financial statements for the Browne Corporation: Refer to Browne Corporation, Which of these is true? The gross profit percentage increased from 51.7%
Shown below the financial statements for the Browne Corporation: Refer to Browne Corporation, Which of these is true? The gross profit percentage increased from 51.7% to 53.8% A decrease in cost of goods sold as a percentage of net sales signals a weakness for Browne Corporation. While the dollar amount of operating income increased there was a decrease in operating income as a percentage of net sales. Both b and c are true
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