The gross profit margin is unchanged, but the net profit margin declined over the same period. This could have happened if a) cost of goods sold increased relative to sales. b) sales increased relative to expenses. c) Govt. increased the tax rate. d) dividends were decreased.

The gross profit margin is unchanged, but the net profit margin declin

1.	The gross profit margin is unchanged, but the net profit margin declined over the same period. This could have happened if a) cost of goods sold increased relative to sales. b) sales increased relative to expenses. c) Govt. increased the tax rate. d) dividends were decreased.
Answer» c) Govt. increased the tax rate.

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The gross profit margin is unchanged, but the net profit margin declined over the same period. This could have happened if a) cost of goods sold increased relative to sales. b) sales increased relative to expenses. c) Govt. increased the tax rate. d) dividends were decreased.

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