XYZ company's gross profit margin is 50% and its net profit margin is 5%. The company recently

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XYZ company's gross profit margin is 50% and its net profit margin is 5%. The company recently introduces lean manufacturing technique and increase efficiency in operation. If they can significantly reduce operating expenses.

What's the effect on net profit margin?

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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Mar 24, 2024 11:20 PM

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XYZ company's gross profit margin is 50% and its net profit margin is 5%. The company recently

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Financial Accounting

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