Which of the following statements is true? Multiple Choice

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Because gross profit percentages are so variable across industries they are most useful in comparing
companies from different industries.
Because gross profit percentages are so consistent from period to period they are not very useful for analyzing
one company over time.
Because gross profit percentages are so consistent across industries they are most useful in comparing
companies from different industries.
Because gross profit percentages are so variable across industries they are more useful in analyzing one
company over time.
Transcribed Image Text:Because gross profit percentages are so variable across industries they are most useful in comparing companies from different industries. Because gross profit percentages are so consistent from period to period they are not very useful for analyzing one company over time. Because gross profit percentages are so consistent across industries they are most useful in comparing companies from different industries. Because gross profit percentages are so variable across industries they are more useful in analyzing one company over time.
TB 06-89 Which of the following statem
Which of the following statements is true?
Multiple Choice
Because gross profit percentages are so v
Transcribed Image Text:TB 06-89 Which of the following statem Which of the following statements is true? Multiple Choice Because gross profit percentages are so v
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