Net earnings as a percentage of total revenues increased, Finance Basics

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Net earnings as a percentage of total revenues increased

Question: Net earnings as a percentage of total revenues increased from 3.2% in fiscal 2009 to 10.4% in fiscal 2012. Identify the most important reasons for this change.

Wahlen, James M.; Baginski, Stephen P.; Bradshaw, Mark. Financial Reporting, Financial Statement Analysis and Valuation (Page 78). South-Western College Pub. 8th edition

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Finance Basics: Net earnings as a percentage of total revenues increased

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