The following information is for Z-Mart and its competition Diablo. 
Instructions:
(1)Calculate the dollar amount of gross margin and the gross margin ratio for each company for both years.
(2)Which company had the more favourable ratio each year?
(3)Which company had the more favourable trend over the 2-year period?
Correct Answer:
Verified
(2)Z-Mart had the more favou...View Answer
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