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Suppose you know Mr. Bonilla, another attorney, whose profit margin is 20 percent. Would you be able to say who is more profitable, Ms. Johnson

Suppose you know Mr. Bonilla, another attorney, whose profit margin is 20 percent. Would you be able to say who is more profitable, Ms. Johnson or Mr. Bonilla? Why or Why not? Please give examples.

MARILYN JOHNSON ATTORNEY AT LAW

INCOME STATEMENT

FOR MONTH ENDING JANUARY 31, 2020

Revenue

$50,000

Legal Fees Earned

Expenses

Salary

Attorney

5,000

Accountant

5,000

Paralegal

2,000

Administrative Assistant

1,500

Rent

3,000

Utilities

5,000

Telephone and Internet

2,000

Malpractice Insurance

3,500

Health Benefits (4 People)

5,500

Total Expenses

32,500

Net Income

17,500

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