Question
It is widely known that grocery chains have low profit marginson average they earn about 1 percent on sales. How would you explain the fact
It is widely known that grocery chains have low profit marginson average they earn about 1 percent on sales. How would you explain the fact that their ROE is about 12 percent? Does this seem logical?
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Financial Accounting The Impact on Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
9th edition
ISBN: 130565417X, 1305654174, 9781285972572 , 978-1285182964
