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Explain the Possible Causes of the Trends in the Following

question 48

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Explain the possible causes of the trends in the following data:
 Year 1  Year 2  Year 3  Gross profit margin 35%31%28% Operating profit margin 9%11%13% Net profit margin 4%19%7%\begin{array} { | l | r | r | r | } \hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\hline \text { Gross profit margin } & 35 \% & 31 \% & 28 \% \\\hline \text { Operating profit margin } & 9 \% & 11 \% & 13 \% \\\hline \text { Net profit margin } & 4 \% & 19 \% & 7 \% \\\hline\end{array}

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Definitions:

Affirmative Defense

A defense used in litigation where the defendant introduces evidence, which, if found to be credible, will negate criminal or civil liability, even if it is proven that the defendant committed the alleged acts.

Reply

A response or answer to a question or statement.

Interrogatory

A formal set of written questions required to be answered under oath, used as a part of discovery process in litigation.

Appellate Courts

Courts with the authority to review and revise the outcomes of decisions made by lower courts.

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