Profit margin is an important measure of profitability. Use data from CVSs income statement and the financial

Question:

Profit margin is an important measure of profitability. Use data from CVS’s income statement and the financial statements of Southwest Airlines Co. in the Supplement to Chapter 1 to calculate each company’s profit margin for the past two years. By this measure, which company is more profitable?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...