What situation might explain why a companys gross profit percentage went down from 60% to 40% from

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What situation might explain why a company’s gross profit percentage went down from 60% to 40% from one year to the next?

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Financial Accounting

ISBN: 978-0133052152

2nd edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Apr 29, 2014 02:46 AM

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What situation might explain why a companys gross profit percentage went down from 60% to 40% from

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Several factors could account for the shrinking differenc...View the full answer

Financial Accounting

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