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Our firm has had the following results for the past three years: Last Year Sales = $200,000 Net Income = $10,000 Year Before Sales =

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Our firm has had the following results for the past three years: Last Year Sales = $200,000 Net Income = $10,000 Year Before Sales = $150,000 Net Income = $9,000 Two Years Ago Sales = $100,000 Net Income = $7,000 The average Profit Margin for our firm's industry is 6 percent. What can we say IS TRUE of our firm's profit margin TODAY? Our firm's Profit Margin is Better than the industry, but it is getting Worse. Our firm's Profit Margin is Better than the industry, and it is improving. Our firm's Profit Margin is EQUAL TO the industry, but it is getting Worse. Our firm's Profit Margin is EQUAL TO the industry, but it is getting Better Our firm's Profit Margin is Worse than the industry, but it is getting Better Our firm's Profit Margin is Worse than the industry, and it is getting worse. None of these (above) is correct

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