Question: 3.A decrease in the gross margin ratio could be explained by: a.An increase in depreciation on a motor vehicle. b.A decrease in office telephone expenses.

3.A decrease in the gross margin ratio could be explained by:

a.An increase in depreciation on a motor vehicle.

b.A decrease in office telephone expenses.

c.An increase in the price of raw materials.

d.An increase in advertising expenses.

e.A gain on sale of equipment.

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