A decrease in [blank] will increase gross profit margin.
A)cost of goods sold
B)depreciation expense
C)interest expense
D)total assets

Question

Quizplus · Accepted Answer

Cost of goods sold is the direct cost of producing goods and is subtracted from revenue to calculate gross profit. Therefore, a decrease in cost of goods sold will increase gross profit margin. Depreciation expense, interest expense, and total assets do not directly affect gross profit margin.

A Decrease in [Blank] Will Increase Gross Profit Margin