The following calculations have been made using Metro Tech's income statement: Sales growth, current year ......20% Gross
Question:
Sales growth, current year ......20%
Gross profit margin, current year ....64%
Gross profit margin, last year ....52%
Discuss all the reasons you can think of to explain the 12% change in gross profit margin. Which reasons would be considered a quality issue by an analyst?
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The gross profit margin could increase as a result of selling price increases or de...View the full answer
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Aqib Parvej
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Related Book For 
Understanding financial statements
ISBN: 978-0136086246
9th Edition
Authors: Lyn M. Fraser, Aileen Ormiston
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