The gross profit margin ratio of Penguin Products Ltd is higher this year than it was last year. Which one of the following factors could NOT be true of this year relative to last year?

Question

Answer

A decrease in sales and an increase in cost of sales

Answer

An increase in sales and an increase in cost of sales

Answer

An increase in sales and a decrease in cost of sales

Answer

A decrease in sales and a decrease in cost of sales

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The gross profit margin ratio of Penguin Products Ltd is higher this year than i...

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