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The gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change? Select one: a. The trend
The gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change?
Select one:
a. The trend cannot be determined unless the dollar amount of the change is also know.
b. This change represents a downward, or negative, trend.
c. This change represents an upward, or favorable, trend.
d. The answer depends upon whether net sales increased or decreased during the period.
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