Statistics on the average profit margin percentage in various industries are published and can be used by

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Statistics on the average profit margin percentage in various industries are published and can be used by Chico Company as a basis for comparison. Statistics on the average dollar amount of net income are not published. Such statistics [are / are not] useful because sheer size is not a good indication of profitability.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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