The following statements were made on page 35 of the November 6, 1978, issue of Fortune magazine:

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The following statements were made on page 35 of the November 6, 1978, issue of Fortune magazine: "Supermarket executives are beginning to look back with some nostalgia on the days when the standard profit margin was 1 percent of sales. Last year the industry overall margin came to a thin 0.72 percent." How could a super- market earn a satisfactory return on assets with such a small profit margin? Q-1

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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