Tony Robins is puzzled. His company had a profit margin of (10 %) in 1996. He feels
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Tony Robins is puzzled. His company had a profit margin of \(10 \%\) in 1996. He feels that this is an indication that the company is doing well. Joan Graham, his accountant, says that more information is needed to determine the firm's financial well-being. Who is correct? Why?
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Related Book For 
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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