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Vern Thoms is puzzled. His company had a profit margin of 10% in 2020. He feels that this is an indication that the company is

Vern Thoms is puzzled. His company had a profit margin of 10% in 2020. He feels that this is an indication that the company is doing well. Tina Amos, his accountant, says that more information is needed to determine the company's financial well-being. Who is correct? Why?

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