Anthony Inc Requirements:
A

question 42

Essay

Anthony Inc. reported the following amounts on their 2014 and 2013 income statements: $$\begin{array} { | l | r | r | } \hline & \underline { 2014 } & \underline { 2013 } \\\hline \text { Net Sales } & \$ 20,438 & \$ 20,367 \\\hline \text { Cost of sales } & 7,943 & 8,198 \\\hline\end{array}$$ Requirements:
A. Compute the gross profit percentage for years 2014 and 2013.
B. Provide at least two potential causes for the change in Anthony's gross profit percentage.

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Definitions:

Reminder Call

A phone call, often automated, intended to remind or alert someone about an appointment, due date, or other important event.

Recall Notice

A public notification issued by a manufacturer or regulatory agency to inform consumers about a product defect, contamination, or safety issue that may pose a risk.

Late Arrivals

Instances where individuals, items, or transports reach their intended destination beyond the scheduled or expected time.

No-Shows

No-Shows are individuals who fail to attend a scheduled appointment or meeting without notifying the organizer or cancelling in advance.