Anthony Inc Requirements:
A

question 64

Not Answered

Anthony Inc.reported the following amounts on their 2011 and 2010 income statements:
$$\begin{array} { l r r } & \underline { 2011 } & \underline { 2010 } \\\text { Net Sales } & \$ 20,438 & \$ 20,367 \\\text { Cost of sales } & 7,943 & 8,198\end{array}$$ Requirements:
A.Compute the gross profit percentage for both years.
B.Provide at least two potential causes for the change in Anthony's gross profit percentage.

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