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1. Give an example of a product you use that has a high-profit margin (i.e., more than a 40% profit margin). Explain the business and

1. Give an example of a product you use that has a high-profit margin (i.e., more than a 40% profit margin). Explain the business and accounting reasons why you think they can make such a good profit margin. 2. Explain how you believe an income statement would be helpful to you in your future career. Give context - like what role you hope to have in the future and how income statement data would benefit you

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