1. Firm A had $ 4 million in net income for 2022 while Firm B had $2 million in net income (also for 2022). 
2. Discuss clearly and completely at least three reasons why Firm B may actually be considered a superior performer in terms of its profitability despite having a lower net income figure for 2022 compared to Firm A.

Answer rating: 100% (QA)

There are three reasons why Firm B may actually be considered a superior performer in terms of its profitability despite having a lower net income figure for 2022 compared to Firm A Net income is not ... View the full answer