What factors affect a business’s gross profit ratio, i.e. what can cause the gross profit ratio to increase and what can cause it to decrease?
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Solution 1
The gross profit ratio, also known as the gross margin ratio, is a profitability ratio that compares the gross profit of a company to its revenue. It shows how well a company generates revenue from direct costs like cost of goods sold (COGS). The formula for calculating the gross profit ratio is (Gr Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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