CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Bridget's Midget Widget has the following records for 1995 - 1998:

Gross margin has ______
A. stayed the same, with rising sales offset by decreasing cost of goods sold.
B. increased as a percentage of sales.
C. decreased as a percentage of sales.

User Contributed Comments 21

User Comment
tssverma well can anyone explain that a series 35/100, 31/95, 28/91 , 26/88 is increasing or decreasing ratio every year. My option is C.
tengo You made the same mistake as I did , the dates are reversed from the normal trend 1998 to 1995 not 1995 to 1998 as you would normally assume
Gnomez I did that too - got to pay attention
Peter Damn, one easy question and I make the same stupid mistake!
julamo same here! We got so much stuff to keep in mind, you'd never think about a trick like this!
adeelj Damn!!! What a sleazy way of trickery!! Same mistake all throughout!
whoi remember: US Statements normally function that way!!!
hannovanwyk made the exact same mistake...sigh
jainrajeshv Me too!!!! too much
Andrewua it's really tricky....
panvino Me too...!!!
vavoev Oh, damn, i did too.
serboc I TOOK THE REAL TEST LAST DEC AND THEY DO DO THIS
*** BEWARE ****
Boiler5 I fell for it as well!
***shakes fist***
serboc THEY DO THIS ON TEST!!!
JCopeland I'm a dwarf and I find this question offensive.
JCopeland Just kidding, on both counts.
jnptrsn1 My eyebrows.... they're furrowing...
cfastudypl Good question to draw ones attention to dates.
RahuLmal Nice question
Znanje35 Aww shucks they tricked me too!!! Arghhhh
You need to log in first to add your comment.