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Which of the following statements taken in isolation would be a reasonable explanation for an increase in the gross profit margin of a business entity
Which of the following statements taken in isolation would be a reasonable explanation for an increase in the gross profit margin of a business entity from 18% to 20%? The business entity repaid loans during the year The business entity purchased goods for resale from a new supplier at a reduced cost per unit during the year The business entity reduced administration expenses during the year The business entity made an issue of shares during the year
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