Day: November 11, 2021

The gross profit ratio of a business has increased.

Which statement is correct?

Select ONE answer:

1. purchases have been obtained at reduced cost
2. sales have increased
3. sales returns have decreased
4. stocks have decreased

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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