The following information is for Barrel and its competitor Crate.
Required:
1.Calculate the dollar amount of gross margin and the gross margin ratio to the nearest percent,for each company for both years.
2.Which company had the more favorable ratio for each year?
3.Which company had the more favorable change in the gross margin ratio over this 2-year period?
Definitions:
Acceptance
The act of receiving or taking something offered or recognizing the reality of a situation without attempting to change it or protest.
Client's Strength
The personal attributes, skills, or resources that a client possesses which can be leveraged in therapeutic settings for better outcomes.
Disclose Case Information
The act of revealing or providing access to sensitive, confidential data related to a specific case or individual, typically within a professional or legal context.
Signed Release Form
A form signed by an individual giving permission to release personal or confidential information under specified conditions.
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