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Companies X and Y are in the same industry. Company X is highly automated, whereas Company Y relies primarily on labour to make its products.
Companies X and Y are in the same industry. Company X is highly automated, whereas Company Y relies primarily on labour to make its products. If sales and total expenses are about the same, which would you expect to have lower margin of safety? Why?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
14th Edition
