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: moodle1.du.edu.om III Question 2 Not yet answered Marked out of 2 Flag question 2001...

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Accounting

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: moodle1.du.edu.om III Question 2 Not yet answered Marked out of 2 Flag question 2001 2000 1999 1998 Sales 160,000130,000100,00080,000 Cost of 96,000 71,500 53,000 41,600 goods sold Net 28,000 25,000 25,00024,000 Income Which of the following statements is NOT true? Select one: O a. Net income as a percentage of sales has decreased O b. Sales have increased 200% since 1998 O. Net income has increased 16.67%since 1998 Od Gross profit on sales has increased 66.67% since 1998

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