A firm has calculated the following accounting ratios for the year ended 30 June:
What could explain the changes in the percentages?
1 )
A fall in interest payments was equal to an increase in administration costs.
2 )
An increase in raw material costs was covered by an increase in selling price.
An increase in the advertising budget has allowed the firm to increase the selling price.
4 )
An increase in the advertising budget has led to a rise in sales volume.
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