Which of the following is a true statement about profitability ratios? (a) All companies have a high

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Which of the following is a true statement about profitability ratios?

(a) All companies have a high inventories turnover ratio.

(b) Auditors will be interested in trends in profitability ratios.

(c) Profitability ratios should be the same for all divisions of the company.

(d) Companies will try to have the same profitability ratio in each month of operation.

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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