Question: Operating margin has improved by 2% and Gross margin by 1%. Which statements are true? (can have multiple or none) a) Operating expenses as a

Operating margin has improved by 2% and Gross margin by 1%. Which statements are true? (can have multiple or none)

a) Operating expenses as a percent of sales has decreased

b) Cost of goods sold have increased relative to sales

c) Operating expenses have increased relative to sales

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