Starship Inc.'s gross profit ratio increased from 36.5% in 2015 to 48.6% in 2016. What...
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Accounting
Starship Inc.'s gross profit ratio increased from 36.5% in 2015 to 48.6% in 2016. What is the trend in this change?
A. An upward trend
B. A downward trend
C. It depends on whether net sales increased or decreased during the period
D. Trends cannot be determined without the dollar amount of the increase provided
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