The Following Information Comes from P Co 1 Compute the Gross Profit Percentage for
A

question 135

Essay

The following information comes from P Co.'s statements of earnings for 20X7 and 20X6: $$\begin{array} { | l | r | r | } \hline \text { (In millions) } & \underline { \mathbf { 2 0 X 7 } } & \underline { \mathbf { 2 0 X 6 } } \\\hline \text { Net sales } & \$ 22,348 & \$ 20,917 \\\hline \text { Cost of sales } & \$ 9,330 & \$ 8,525 \\\hline\end{array}$$ 1. Compute the gross profit percentage for
a. 20X7 __________
b. 20X6 __________
2. Provide at least two potential reasons for the change in P Co's gross profit percentage.

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Definitions:

Climate For Transfer

The work environment or organizational culture that supports or hinders the application of newly learned skills or knowledge to the job.

Financial And Non-financial Benefits

Rewards given to employees that include monetary compensation and non-monetary incentives such as recognition.

Supervisor And Peer Support

Assistance and encouragement provided by both supervisors and colleagues in the workplace to aid an individual's development or performance.

External Environment

Factors outside an organization that can affect its performance, including economic, social, technological, and political influences.