Question: Raphael Ochoa is puzzled. His company had a profit margin of 10% in 2010. He feels that this is an indication that the company is

Raphael Ochoa is puzzled. His company had a profit margin of 10% in 2010. He feels that this is an indication that the company is doing well. Cindy Lore, his accountant, says that more information is needed to determine the firm’s financial well-being.Who is correct? Why?

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