Compute the gross profit ratio for each of the two years reported. 2. Did the company outperform or underperform the industry average gross profit ratio of 30% in the current year? 3. Did the gross profit ratio improve or decline in the current year? Sales Cost of goods sold $ 250,000 170,000 Current Year $ 220,000 165,000 Prior Year

Sep 8, 2023

Compute the gross profit ratio for each of the two years reported.

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Compute the gross profit ratio for each of the two years reported. 2. Did the company outperform or underperform the industry average gross profit ratio of 30% in the current year? 3. Did the gross profit ratio improve or decline in the current year? Sales Cost of goods sold $ 250,000 170,000 Current Year $ 220,000 165,000 Prior Year
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2. Did the company outperform or underperform the industry average gross profit ratio of 30% in the current year?

3. Did the gross profit ratio improve or decline in the current year?

 

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