Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company's gross profit percentage increased from

A company's gross profit percentage increased from 37% to 41%. What does this mean? a)...

60.1K

Verified Solution

Question

Accounting

A company's gross profit percentage increased from 37% to 41%. What does this mean?

a) This means that cost of goods sold as a percentage of net sales decreased.

b) This means that operating expenses as a percentage of net sales decreased.

c) This means that cost of goods sold as a percentage of net sales increased.

d) There is not enough information to explain the increase.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Write the net biochemical equation for the biosynthesis of the non-essential amino acid aspartate from pyruvate,...

Finance
1.2K views

Discuss systematic risk and unsystematic risk, and how they are measured. Is it possible to neutralize...

Physics
1.2K views

A certain capacitor is rated at 13 nF Currently it uses paper as a dielectric...

Physics
1.2K views

A charge particle is moving along electric field as shown in figure What is horizontal...

Basic Math
1.2K views

Use synthetic division to find the result when 4x + 25x - 24x - 30...

Basic Math
1.2K views

Rewrite the following polar equation in rectangular form.r=11/4sin?-6cos?

Statistics
1.2K views

Use the given data to find the equation of the regression line Round the final...

Calculus
1.2K views

Given the triangle below find the angle A and length of side x Note picture...

Algebra
1.2K views

in terms of one of the variables Leave all fractional answers in fraction form Answer...

Accounting
1.2K views

Income or loss from discontinued operations is regarded as transitory earnings...

Accounting
1.2K views

On January 1,2024, a company signed a 6-year non-cancelable lease for a printing press. ...

Accounting
1.2K views

Kinkaid Co. is incorporated at the beginning of this year and engages in a number...