At the end of a fiscal year 2020, a commercial construction company reported a total revenue of
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Question:
At the end of a fiscal year 2020, a commercial construction company reported a total revenue of $4,000,000 and a gross profit of $647,000. Also, the net profits before and after Tax were reported as (- $25,000) and (-$64,000), respectively. The company’s general overhead ratio has been recorded around 16.8%. Comment on the financial health of this company and, if you see the area of improvements, provide your recommendation for the company to get more profitable.
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