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Anthony Inc

Question 104

Essay

Anthony Inc.reported the following amounts on its 2018 and 2019 income statements:
Anthony Inc.reported the following amounts on its 2018 and 2019 income statements:    A.Compute the gross profit percentage for years 2018 and 2019. B.Provide at least two potential causes for the change in Anthony's gross profit percentage. A.Compute the gross profit percentage for years 2018 and 2019.
B.Provide at least two potential causes for the change in Anthony's gross profit percentage.

Correct Answer:

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A.2019 = 61.1% = ($12,495 ÷ $20,438).
20...

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