Sells its products with positive gross profits

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Reference no: EM13752192

When a company that sells its products with positive gross profits increases its sales by 15 percent and its cost of goods sold by 7 percent, the cost of goods sold ratio will

a. Decrease.

b. Remain unchanged.

c. Increase.

d. Not be able to be determined with the information provided.

Reference no: EM13752192

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