Key figures for the recent two years of both Polaris and Arctic Cat follow. Required 1. Compute

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Key figures for the recent two years of both Polaris and Arctic Cat follow.

Required
1. Compute profit margins for
(a) Polaris and
(b) Arctic Cat for the two years of data shown.
2. Which company is more successful on the basis of profit margin?Explain.

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Fundamental accounting principle

ISBN: 978-0078025587

21st edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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Question Posted: Nov 14, 2013 06:02 AM

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Key figures for the recent two years of both Polaris and Arctic Cat follow. Required 1. Compute

Question:

Polaris Arctic Cat ($ thousands) Current Year PriorYear Current Year Prior Year Net income Net sales Current assets $ 1,875 350,871 201,015 75,320 227,575 147,138 13,007 2,656,949 ,991139 878,676 615,531 808,145 58421 o 363,015 232040 87,444

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in thousands 1 a Polaris Current year profit margin 227...View the full answer

Fundamental accounting principle

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