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    College Accounting Study Set 1
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    Exam 23: Financial Statement Analysis
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    A Decrease in Cost of Goods Sold from 46
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A Decrease in Cost of Goods Sold from 46

Question 10

Question 10

True/False

A decrease in cost of goods sold from 46.5% to 45.0% from 2012 to 2013 indicates a favorable long-term trend.

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