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A firm reported numerous one-time gains and losses in each of its last three years of operations. In addition, the firms income tax rate varied
A firm reported numerous one-time gains and losses in each of its last three years of operations. In addition, the firms income tax rate varied from one reporting period to the next. The profit margin that an analyst would focus on to assess earnings quality is the
A- Gross profit margin
B- Pretax profit margin
C- Operating profit margin
D- Net profit margin
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