(Answered) Assignment -part 1 what types of business are more likely

Accounting

Assignment -

Part 1: What types of business are more likely to have high profit margins? What types of business are more likely to have lower profit margins? 50-150 words.

Part 2: Smith Company has had gross profit percentages of 20 - 22% for the past 5 years. The current gross profit percentage is 14%. 50-150 words.

What are some possible causes of this change in gross profit percentage?

What should the management of Smith Company do?

How can a company improve its gross profit percentage?

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