Question: Select all the statements that can be mentioned as a possible reason why there was an increase or decrease ( movement ) in the year
Select all the statements that can be mentioned as a possible reason why there was an increase or decrease movement in the yearonyear Gross Profit Ratio of a South African retail company that also has international customers and suppliers?
Goods might have been sold to overseas customers in foreign currency and the Rand has strengthened.
The Rand might have weakened leading to higher cost of foreign purchases.
The suppliers might have increased their prices and the company was not able to pass this increase to their customers due to competition.
The company might have reduced the selling price to clear old stock.
The company might have done bulk purchases to qualify for bulk discount or not, revealing either good or poor stock management.
a Statements and
b Statements and
c Statements and
d Statements and
Select one:
a
Statements and
b
Statements and
c
Statements and
d
Statements and
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