7. Raphael Ochoa is puzzled. His company had a profit mar gin of 10% in 2008. He...
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7. Raphael Ochoa is puzzled. His company had a profit mar¬
gin of 10% in 2008. He feels that this is an indication that the company is doing well. Cindy Lore, 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
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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