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
|