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A company’s gross profit percentage on sales has decreased by 5% in 2002 compared with 2001.

Which one of the following matters could have caused the decrease?

A    The level of sales in 2002 is lower than that in 2001
B    There have been more bad debts in 2002 than in 2001
C     Inventory at the end of 2002 is lower than that at the end of 2001
D    Theft of inventory by staff and customers has increased.

D


d

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a

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c

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look

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1

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df

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acd

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c

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let c

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