The following information is for Trico and its competitor Unico:
Required:
A. Calculate the dollar amount of gross margin and the gross margin ratio to the nearest percent for each company for both years.
B. Which company had the more favorable ratio for each year?
C. Which company had the more favorable change in the gross margin ratio over this two-year period?
Definitions:
Independent Variable
The variable in an experiment that is manipulated to observe its effect on the dependent variable.
Manipulated
In research, refers to the deliberate alteration or control of variables to determine their effects on other variables.
Specific Research Question
A narrowly focused question that guides a research study, aiming to address a particular aspect of a topic in depth.
Research Hypothesis
A testable prediction about the relationship between two or more variables, forming the foundation for empirical investigation.
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