Which one of the following could cause a significant increase in a companys gross profit ratio? (a)
Question:
Which one of the following could cause a significant increase in a company’s gross profit ratio?
(a) Loss of goods by customer shoplifting or pilferage by staff
(b) Inclusion in closing inventory of goods for which invoices are yet to be received
(c) Increase in the sales volume
(d) Failure to account for goods removed for own use by the proprietors
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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