Gross profit margin is an important ratio for merchandising and manufacturing firms, such as Best...
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Accounting
Gross profit margin is an important ratio for merchandising and manufacturing firms, such as Best Buy and Mattel because:
| a. | it measures the efficient use of total assets. | |
| b. | cost of goods sold is typically the largest expense. | |
| c. | it measures the ability to collect receivables. | |
| d. | investments in real property are high. | |
| e. | selling expenses, like advertising, are usually quite high. |
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