The following information is for Trico and its competitor Unico.
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:
Resource Maturity Stage
A phase in the lifecycle of resources where they have reached their peak in terms of production or yield.
Consolidate
To combine multiple elements into a single, more effective or coherent whole, especially financial debts or assets.
Control Finances
Managing and regulating one's financial activities or the financial activities of an organization to ensure stability and growth.
NFIB Survey
A research tool used by the National Federation of Independent Business to collect data on small business trends and sentiments.
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