Otter Services Limited had the following results in 20X1 and 20X2: Which one of the following statements is incorrect?
Between 20X1 and 20X2:
A)Revenue increased at a faster rate than selling expenses.
B)Gross profit margin worsened.
C)Net profit margin improved.
D)Other expenses decreased by more than 5%.

Question

Otter Services Limited had the following results in 20X1 and 20X2:  Which one of the following statements is incorrect?
Between 20X1 and 20X2:
A)Revenue increased at a faster rate than selling expenses. 
B)Gross profit margin worsened. 
C)Net profit margin improved. 
D)Other expenses decreased by more than 5%.

Quizplus · Accepted Answer

The Answer of Otter Services Limited had the following results in 20X1 and 20X2:  Which one of the following statements is incorrect?
Between 20X1 and 20X2:
A)Revenue increased at a faster rate than selling expenses. 
B)Gross profit margin worsened. 
C)Net profit margin improved. 
D)Other expenses decreased by more than 5%.

Otter Services Limited Had the Following Results in 20X1 and 20X2