Choose the correct option. XYZ Co. reported the following cost of goods over the last 3 years: $1M in year 1; $1.2M in year 2; $1.25M in year 3. It also reported the following revenue over the last 3 years: $5M in year 1; $6.5M in year2; $7M in year 3. What can you conclude from this information? Gross profit margin is declining. The company is having difficulty passing on higher costs to its customers The company is having difficulty managing its operating costs. Gross profit margin is increasing.

Answer rating: 100% (QA)

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