In 2014, Lai Inc. reported a profit margin of 5% before discontinued operations and a profit margin

Question:

In 2014, Lai Inc. reported a profit margin of 5% before discontinued operations and a profit margin of 8% after discontinued operations. In 2015, the company had no discontinued operations and reported a profit margin of 6.5%. Has Lai's profitability improved or weakened? Explain.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Financial Accounting Tools for Business Decision Making

ISBN: 978-1118644942

6th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

Question Posted: