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Financial Reporting and Analysis
Financial Reporting and Analysis
Easy
Ashford Consumer Products reports Revenue of $560M and COGS of $336M in 2025, compared to Revenue of $480M and COGS of $278M in 2024. Using vertical analysis, what happened to the gross margin?
A
Gross margin declined from 42.1% to 40.0%
B
Gross margin improved from 40.0% to 42.1%
C
Gross margin remained constant at 40.0%
D
Gross margin declined from 57.9% to 60.0%
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Tags
#common-size-analysis
#vertical-analysis
#gross-margin
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