Explain whether the following situations, taken independently, would be favorable or unfavorable: (a) increase in gross profit
Question:
Explain whether the following situations, taken independently, would be favorable or unfavorable:
(a) increase in gross profit percentage,
(b) decrease in inventory turnover ratio,
(c) increase in earnings per share,
(d) decrease in days to collect, and
(e) increase in net profit margin.
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a Increase in gross profit percentage Favorable A higher gross profit percentage indicates that the ...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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