ANSWERS TO QUESTIONS

P&G’s gross profit (Net Sales – Cost of Products Sold) was $26,331 million in 2004, $21,236 million in 2003, and $19,249 million in 2002. P&G’s gross profit increased by 24% in 2004 compared to 2003. The increase in the gross profit in 2004 is due primarily to increased sales from growth in … ................
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