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  3. consider the following two years of abc inc.s inco

Consider the following two years of ABC Inc.s income statement. FIGURE 1 The costs of...

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Accounting

Consider the following two years of ABC Inc.s income statement. FIGURE 1 The costs of good sold _____

Is a larger fraction of Sales in Year 1 than Year 2.

Is a smaller fraction of Sales in Year 1 than Year 2.

Caused gross margin to fall in Year 2 relative to Year 1.

Cause the interest expense to increase in Year 2.

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