MCQOPTIONS
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| 1. |
The gross profit margin is unchanged, but the net profit margin declined over the same period. This could have happened if |
| A. | cost of goods sold increased relative to sales. |
| B. | sales increased relative to expenses. |
| C. | Govt. increased the tax rate. |
| D. | dividends were decreased. |
| Answer» D. dividends were decreased. | |