Question: 7. A manager identifies a sharp decline in Gross profit percentage. What might need to be done? A. Review if credit terms are being offered

7. A manager identifies a sharp decline in Gross profit percentage. What might need to be done?

A. Review if credit terms are being offered or utilized

B. Pick one year to analyze financial statements using horizontal analysis

C. Construct pro forma financial statements

D. A and C but B may not be wise

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