Tony Robins is puzzled. His company had a profit margin ratio of (10 %) in 1998. He

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Tony Robins is puzzled. His company had a profit margin ratio of \(10 \%\) in 1998. He feels that this is an indication that the company is doing well. Joan Graham, his accountant, says that more information is needed to determine the firm's financial well-being. Who is correct? Why?

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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