Maribel Ortiz is puzzled. Her company had a profit margin of 10% in 2014. She feels that

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Maribel Ortiz is puzzled. Her company had a profit margin of 10% in 2014. She feels that this is an indication that the company is doing well. Gordon Liddy, her accountant, says that more information is needed to determine the firm’s financial well-being. Who is correct? Why?

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Managerial Accounting Tools for business decision making

ISBN: 978-1118096895

6th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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